Nedim bought a vehicle worth RM270 000 by cash for his business. The car is expected to be useful for 9 years with salvage value of RM10 500 and depreciation rate of 9% per annum. Please calculate on the following: i. ii. Net book value at the end of useful life. Depreciation rate.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Nedim bought a vehicle worth RM270 000 by cash for his business. The car is
expected to be useful for 9 years with salvage value of RM10 500 and depreciation
rate of 9% per annum. Please calculate on the following:
i.
ii.
Net book value at the end of useful life.
Depreciation rate.
Transcribed Image Text:Nedim bought a vehicle worth RM270 000 by cash for his business. The car is expected to be useful for 9 years with salvage value of RM10 500 and depreciation rate of 9% per annum. Please calculate on the following: i. ii. Net book value at the end of useful life. Depreciation rate.
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Section 179 Deduction and Modified Accelerated Cost Recovery System (MACRS) Depreciation
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