glry glry
  • 18-03-2024
  • Business
contestada

A lorry was bought for RM 40,000 cash on 10/1/2016. A second lorry was bought on 28/1/2016 at the price of RM50,000 cash.

Depreciation rate is 10% per annum on cost. Show for the financial years ending 31/12/2016, 31/12/2017 and 31/12/2018:

i. The calculation for depreciation
ii. The Vehicle Account
iii. The accumulated depreciation for Vehicle Account​

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