Depreciation Q3


Syarikat findWHERE purchased two vehicles on 01 January 2020. Details are as follows:

Brand Atoyot Adzam


RM80,000 RM68,000

Scrap Value

RM5,000 RM4,000
Expected Life Expectancy 10 Years 10 Years

(a) Calculate the annual depreciation for both vehicles for the year of 2020, 2021 and 2022 using the following methods.

(b) Straight line method.

(c) Reducing Balance of 15% per annum. (10 marks)

(d) Prepare a Vehicle Accumulated Depreciation Account for three accounting years from 01 January 2020 to 31 December 2022 using both methods. (10 marks)

(M2022-1 Q3, 20 marks)

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