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  3. (a) use the straight-line method to find the annua

(a) Use the straight-line method to find the annual depreciation for a van that costs...

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Accounting

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(a) Use the straight-line method to find the annual depreciation for a van that costs $18,000, has an expected life of three years and has a salvage value of $3000. (4 marks) (b) Construct a depreciation schedule using the straight-line method for a machine that costs RM65,000 and has a salvage value of RM8,000 at the end of 5 years. (6 marks) (c) A new machine costing RM37,000 is purchased. Using a declining balance rate of 25 percent, find the book value at the end of 7 years. (4 marks) (d) The cost of a fishing boat is RM150, 000. The declining balance method is used for computing depreciation. If the depreciation rate is 15 percent, compute the book value and accumulated depreciation of the boat at the end of five years. (6 Marks)

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