Sail Stationery Company bought a copying machine at RM12000. The company expects to use it for 5 years. It will then have a scrap value of RM2000. Using the reducing balance method, calculate a) the annual rate of depreciation (30.12%) b) the book value at the end of the 3rd year. (RM4095.35)
Sail Stationery Company bought a copying machine at RM12000. The company expects to use it for 5 years. It will then have a scrap value of RM2000. Using the reducing balance method, calculate a) the annual rate of depreciation (30.12%) b) the book value at the end of the 3rd year. (RM4095.35)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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1. Sail Stationery Company bought a copying machine at RM12000. The company
expects to use it for 5 years. It will then have a scrap value of RM2000. Using the
reducing balance method, calculate
a) the annual rate of depreciation (30.12%)
b) the book value at the end of the 3rd year. (RM4095.35)
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