bought a lorry for business at cost of RM17,000. The lorry is expected to last for 5 years and then be sold for scrap for RM2,000. The annual depreciation charged to profit and loss account of Maxim Sdn Bhd is as following: -Explain the depreciation method used by Maxim Sdn Bhd (show relevant workings).  -Explain the suitability of the depreciation method.   Year RM 1 5950 2

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