6) The correct answer is option A
Units of production depreciation is calculated as
Depreciation expense in 2018 = RM11,000
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7) The correct answer is option C
Net purchase price = Invoice price - 10% discount on invoice price
Net purchase price = 200,000 - 0.10 200,000 = 180000
Early payment discount = 0.05 180000 = 9000
Cost of machine after early payment discount = 180000 - 9000 = 171000
Delivery charges = 10000
Dismantling, restoring and removing cost = 15000
Pre-production testing cost = 6000
Total cost of machine = 171000 + 10000 (delivery charges) + 15000 (Dismantling, restoring and removing cost ) + 6000 ( Pre-production testing)
Total cost of machine = 171000 + 10000 + 15000 + 6000
Total cost of machine = RM202,000
droon x cost of assets 6. During 2017 and 2018, Superb Bhd. drove their truck 15.000...
The statement of financial statement is based on the following equation: Assets = Liabilities + Equity The above mentioned equation can be expanded as follows Non-current assets + current assets = non-current liabilities + current liabilities + equity Your accountant provides you with the following trial balance as at 1 March 2017 Description Balance Property, plant, equipment $350 000 Share capital $250 000 Inventory $54 000 Trade Payables $67 000 Motor vehicles -Cost $120 000 Motor vehicle – Acc Depreciation...