Agritech constructed an warehouse with the capacity storage of 25,000 MT of products at the cost of RM15,000,000. Over the period its accumulated expenditures are RM5,800,000 with a interest on actual basis were at RM370,000. It was estimated the useful life of warehouse will be 40 yrs with salvage value of RM1,250,000. Compute depreciation for 1st year using straight line.

Agritech constructed an warehouse with the capacity storage of 25,000 MT of products at the cost of RM15,000,000. Over the period its accumulated expenditures are RM5,800,000 with a interest on actual basis were at RM370,000. It was estimated the useful life of warehouse will be 40 yrs with salvage value of RM1,250,000. Compute depreciation for 1st year using straight line.

Name: Agritech constructed an warehouse with the capacity storage of25,000
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Description: Agritech constructed an warehouse with the capacity storage of25,000 MT of products at the cost of RM15,000,000. Over theperiod its accumulated expenditures are RM5, 800,000 with ainterest on actual basis were at RM370,000. It was estimated theusefu

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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