Question: 1 . An asset will cost RM 1 0 , 7 5 0 when purchased this year. It is further expected to have a salvage

1. An asset will cost RM10,750 when purchased this year. It is further expected to have a salvage value of RM2,500 at the end of its seven-year depreciable life. Prepare a complete depreciation schedule giving the depreciation charge, and end-of-year book value, for straight-line, sum of the years digits, declining balance method. (30 marks)

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