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Calculate the revised depreciation charge and carrying value

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Belarus Bhd. has 10 units of machines which were purchased two years ago at a cost of RM35,000 each. These machines were estimated to have a useful life of five years. However, the engineer has indicated that the original useful life estimation of five years is too pessimistic, because other companies in the same industry are depreciating similar machines over a useful life of seven years. As such, Belarus has decided to change the useful lives of these machines for the year ended 30 June 2020.

Problem 1: Calculate the revised depreciation charge and carrying value of the machines for the year ended 30 June 2020.

Reference no: EM132659105

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