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  • RM RM Non-Current Asset

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    Wongsumali Saiprawat
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    1. The document provides accounting information for depreciation calculations and entries for two companies - Tuto 8 and Lepat Trading. 2. For Tuto 8, depreciation is calculated at 10% for motor vehicles and fixtures. Accumulated depreciation accounts are updated accordingly. 3. For Lepat Trading, depreciation is calculated at 10% for machinery and 20% for motor vehicles. Accumulated depreciation accounts are again updated.

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    Original Title

    TUTO 8

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    1. The document provides accounting information for depreciation calculations and entries for two companies - Tuto 8 and Lepat Trading. 2. For Tuto 8, depreciation is calculated at 10% for motor vehicles and fixtures. Accumulated depreciation accounts are updated accordingly. 3. For Lepat Trading, depreciation is calculated at 10% for machinery and 20% for motor vehicles. Accumulated depreciation accounts are again updated.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Download as docx, pdf, or txt
    3 views2 pages

    RM RM Non-Current Asset

    Uploaded by

    Wongsumali Saiprawat
    1. The document provides accounting information for depreciation calculations and entries for two companies - Tuto 8 and Lepat Trading. 2. For Tuto 8, depreciation is calculated at 10% for motor vehicles and fixtures. Accumulated depreciation accounts are updated accordingly. 3. For Lepat Trading, depreciation is calculated at 10% for machinery and 20% for motor vehicles. Accumulated depreciation accounts are again updated.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 2

    TUTO 8

    QUESTION 1
    (a)
    Motor Vehicle = (RM100000 + RM260000) 10%
    = RM36000
    (b)
    Fixtures = 20% (RM74000 + RM13000 – RM
    37200)
    = RM9960
    (c)
    Motor Vehicle Accumulated Depreciation Account
    2020 RM 2020 RM
    Dec 31 Bal. c/d 36000 Dec 31 Depreciation 36000
    36000 36000

    Fixtures Accumulated Depreciation Account


    2020 RM 2020 RM
    Dec 31 Bal. c/d 9960 Dec 31 Depreciation 9960
    9960 9960

    (d)
    Statement of Financial Position (extract) as at 31 December 2020
    RM RM
    NON-CURRENT ASSET
    Motor Vehicle 100000
    Less: Accumulated Depreciation (36000)
    64000
    Fixtures 13000
    Less: Accumulated Depreciation (9960)
    3040
    QUESTION 2
    (a)
    Machinery = (RM20000 + RM100000) 10%
    = RM12000
    (b)
    Motor Vehicle = (RM220000 – RM96000) 20%
    = RM24800

    (c)
    Machinery Accumulated Depreciation Account
    2020 RM 2020 RM
    Dec 31 Bal. c/d 12000 Dec 31 Depreciation 12000
    12000 12000

    Motor Vehicle Accumulated Depreciation Account


    2020 RM 2020 RM
    Dec 31 Bal. c/d 24800 Dec 31 Depreciation 24800
    24800 24800

    (d)
    Lepat Trading
    Statement of Financial Position (extract) as at 31 December 2020
    RM RM
    NON-CURRENT ASSET
    Machinery 20000
    Less: Accumulated Depreciation (12000)
    8000
    Motor Vehicle 60000
    Less: Accumulated Depreciation (24800)
    35200

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