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QUESTION 1 Below information were extracted from the books of Ellee Enterprise as at 31 December 2014 Non-current assets
Posted: Mon May 02, 2022 6:42 am
by answerhappygod
- Question 1 Below Information Were Extracted From The Books Of Ellee Enterprise As At 31 December 2014 Non Current Assets 1 (51.03 KiB) Viewed 32 times
QUESTION 1 Below information were extracted from the books of Ellee Enterprise as at 31 December 2014 Non-current assets Cost (RM) Net book value (RM) 36,000 64.800 45,000 Machinery Motor Vehicles Depreciation method per annum 10% on cost 10% on net book value 5% using straight line method 80,000 Buildings 450,000 400,000 On 5th January 2015, Ellee Enterprise bought a new van costing RM40,000 to help them increase its efficiency in terms of delivering their goods For all assets above, you are required for year ending 31 December 2015 to prepare the (a) Calculation of depreciation (4 marks) (b) Depreciation account. (6 marks) (c) Accumulated depreciation account (6 marks) (d) ) Statement of Financial Position (extract), (9 marks)