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QUESTION 4 A cloth dryer machine cost RM10,000 and is expected to have useful life of 7 years. It will then have a scrap value of RM2,000. Using the reducing balance method, calculate the book value after 4 years.

QUESTION 4 A cloth dryer machine cost RM10,000 and is expected to have useful life of 7 years. It will then have a scrap value of RM2,000. Using the reducing balance method, calculate the book value after 4 years.

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter11: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 11.18E
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QUESTION 4 A cloth dryer machine cost RM10,000 and is expected to have useful life of 7 years. It will then have a scrap value of RM2,000. Using the reducing balance method, calculate the book value after 4 years.
LIST OF FORMULAE 1. S= P(1+ rt) 2. Proceeds = S(1 – dt) d 1 – dt 4. d = + rt (1+i)" – 1 5. S= P(1+i)" 6. S= R 1-(1+i)~" 7. A = R 8. SP = C + M i GP = OE + NP 9. 10. NP = LP(1 – d;)(1 – d2) .. (1 – dn) 2MI 11. r= B(n + 1) 12. r= 1 - k(k + 1) 13. BV, = C(1 – r)" 14. OPB = Rk – I n(n+ 1) 3.
Transcribed Image Text:LIST OF FORMULAE 1. S= P(1+ rt) 2. Proceeds = S(1 – dt) d 1 – dt 4. d = + rt (1+i)" – 1 5. S= P(1+i)" 6. S= R 1-(1+i)~" 7. A = R 8. SP = C + M i GP = OE + NP 9. 10. NP = LP(1 – d;)(1 – d2) .. (1 – dn) 2MI 11. r= B(n + 1) 12. r= 1 - k(k + 1) 13. BV, = C(1 – r)" 14. OPB = Rk – I n(n+ 1) 3.
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