Hanzolah Sdn Bhd is a company selling health products. The following table shows the summarized transactions of the company's asset: Date of purchase | Type of vehicle Cost (RM) | 1 July 2014 Perodua Myvi 65,000 1 September 2015 Van 60,000 1 July 2017 Lorry 80,000 Perodua Myvi was traded in for a new vehicle. Perodua Alza on 1 October 2018. The purchase price of the new vehicle was RM55,000. The trade in value was RM16,000 and the remaining balance was paid by cheque. Van was sold on 1 October | 2018 for RM22,000 Depreciation value of vehicle is at 10% on cost per annum. Note all calculation must be rounded up to the nearest RM

Hanzolah Sdn Bhd is a company selling health products. The following table shows the summarized transactions of the company's asset: Date of purchase | Type of vehicle Cost (RM) | 1 July 2014 Perodua Myvi 65,000 1 September 2015 Van 60,000 1 July 2017 Lorry 80,000 Perodua Myvi was traded in for a new vehicle. Perodua Alza on 1 October 2018. The purchase price of the new vehicle was RM55,000. The trade in value was RM16,000 and the remaining balance was paid by cheque. Van was sold on 1 October | 2018 for RM22,000 Depreciation value of vehicle is at 10% on cost per annum. Note all calculation must be rounded up to the nearest RM

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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