• June wants to sell her car which was purchased for RM 120,000 after using it for 4 years. The residual value after eight years is estimated to be RM 40,000. Two second hand dealers are offering to sell her car based on the book value.GOcar agency is using the declining based method while EASYcar Agency is using the sum of year method to calculate the depreciation. Čonstruct the depreciation schedule table for both companies. Find the book value after four years for the two companies. Which car dealer is offering the better deal. State your reasons.

• June wants to sell her car which was purchased for RM 120,000 after using it for 4 years. The residual value after eight years is estimated to be RM 40,000. Two second hand dealers are offering to sell her car based on the book value.GOcar agency is using the declining based method while EASYcar Agency is using the sum of year method to calculate the depreciation. Čonstruct the depreciation schedule table for both companies. Find the book value after four years for the two companies. Which car dealer is offering the better deal. State your reasons.

Name: • June wants to sell her car which was purchased for RM 120,000 after
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Description: • June wants to sell her car which was purchased for RM 120,000 after usingit for 4 years. The residual value after eight years is estimated to be RM40,000. Two second hand dealers are offering to sell her car based on thebook value.GOcar agency is

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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