Homework Answers
Cost basis is inclusive of transportation cost and training cost
RM 420000 inclusive of transportation cost and import duty
a. Cost basis = 420000 + 40000 = 460000
Straight line dep method
b. Dep in yr 3 = (Cost basis - Salvage) / Useful life = (460000 - 82000)/ 6 = 63000
c. Book value at the end of 3rd yr = 460000 - 63000 * 3 = 271000
Declining balance method
Dep rate = 2 / 6 = 33.33%
Dep in year 1 = 460000 * 0.3333 = 153318
BV in end of yr 1 = 460000 - 153318 = 306682
Dep in yr 2 = 306682 * 0.3333 = 102217.11
BV in end the of yr 2 = 306682 - 102217.11 = 204464.89
d. Dep in yr 3 = 204464.89 * 0.3333 = 68148.15
e. BV in the end of yr 3 = 204464.89 - 68148.15 = 136316.74
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