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Prepare non-current assets register

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Reference no: EM133090696

Question - Life Sdn. Bhd. owned two machine at 1 January 2015:

Machine A: purchased on 1 August 2013 for RM60,000 Machine B: purchased on 1 September 2014 for RM80,000

Depreciation is charged annually at 20% on cost and on all machines in use at the end of the year.

During the year ended 31 December 2015, the following transactions occurred:

i. 01 June 2015: Machine A broken down and considered to be a write-off by the insurance company which paid RM33,500 in settlement.

ii. 30 September 2015: Machine C was purchased for RM85,000.

iii. 31 October 2015: Machine D was purchased for RM88,000.

Required - Prepare non-current assets register showing date of purchase, cost and accumulated depreciation for each machine owned by Life Sdn. Bhd. at 31 December 2015.

Reference no: EM133090696

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