2. Lepat Trading prepared its account on 30 June every year. On 30 June 2019, the statement of financial position of Lepat Trading showed the folowing. Statement of Financial Position as at 30 June 2019 ous on RM gd scconure RM opjee Non-Current Asset Machinery Accumulated 100,000 20,000 gepre g biejona pasu Iuome erd to Insmsltioe llo conte LECES depreciation bey as to nutiow ed Motor vehicles u160,000age: 80,000 Accumulated 96,000 depreciation S00 000 64,000 During the year ended 30 June 2020, machinery worth RM20,000 and motor vehicles worth RM60,000 were purchased by cheques. The machinery was depreciated at 10%
2. Lepat Trading prepared its account on 30 June every year. On 30 June 2019, the statement of financial position of Lepat Trading showed the folowing. Statement of Financial Position as at 30 June 2019 ous on RM gd scconure RM opjee Non-Current Asset Machinery Accumulated 100,000 20,000 gepre g biejona pasu Iuome erd to Insmsltioe llo conte LECES depreciation bey as to nutiow ed Motor vehicles u160,000age: 80,000 Accumulated 96,000 depreciation S00 000 64,000 During the year ended 30 June 2020, machinery worth RM20,000 and motor vehicles worth RM60,000 were purchased by cheques. The machinery was depreciated at 10%
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 7E: Multiple-Step and Single-Step Income Statements, and Statement of Comprehensive Income On December...
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