Below information were extracted from the books of Ellee Enterprise as at 31 December 2014 Non-current Cost Net book Dep

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Below Information Were Extracted From The Books Of Ellee Enterprise As At 31 December 2014 Non Current Cost Net Book Dep 1 (165.42 KiB) Viewed 26 times

Below information were extracted from the books of Ellee Enterprise as at 31 December 2014 Non-current Cost Net book Depreciation value assets (RM) method per (RM) annum Machinery 45,000 36.000 10% on cost Motor Vehicles 80,000 64,800 10% on net book value Buildings 450,000 400,000 5% using straight line method 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)