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DEPRECIATION

1. The book values of an asset after fifth year and seventh year using the straight line method are RM10 000 and RM7 000 respectively. What is the annual depreciation of the asset?

A. RM8 500

B. RM5 000

C. RM1 500

D. RM1 000

2. A firm bought a lorry for RM58 000. The lorry is expected to be last in five years with a salvage value RM32 000. Find the book value of the machine after four years using the straight line method.

A. RM5 200

B. RM20 800

C. RM25 500

D. RM37 200

3. A machine costing RM20 000 has a life expectancy of four years and a salvage value of RM8000. Calculated the accumulated depreciation at the en of three years using the declining balance method.

A. RM9 939.42

B. RM8 001.18

C. RM10 060.58

D. RM11 998.82

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