1 [SOALAN 1] UTM UTM UTM UTM & UTM a) Identify the generally accepted accounting principle [GAAP] and concepts involved in each of the following cases, state whether complied or not complied and state the reason: - [Kenal pasti konsep dan prinsip-prinsip piawaian perakaunan yang diterima umum [GAAP] yang terlibat dalam setiap kes berikut, nyatakan sama ada dipatuhi atau tidak dipatuhi dan nyatakan sebabnya: -] Scan UTMAN UTM UTM UTM UTM Enterprise is using the straight-line method of depreciation of fixed assets for the financial year ended 31st December 2021. This enterprise is planning to change the depreciation method to the declining balance method in the following year. [Scan Enterprise menggunakan kaedah garis lurus penyusutan aset tetap bagi tahun kewangan berakhir 31 Disember 2021. Perniagaan ini merancang untuk menukar kaedah susut nilai menjadi kaedah baki berkurangan pada tahun berikutnya.] [3m] ii. MyProperty Bhd. has three acres of land, which cost RM1,000,000 per acre. However, the amount being reported in the financial statement is based on the current market value of the land at RM1,500,000 per acre. [MyProperty Bhd mempunyai tanah seluas tiga ekar, dengan kos RM1,000,000 setiap ekar. Bagaimanapun, jumlah yang dilaporkan dalam penyata kewangan adalah berdasarkan nilai pasaran semasa tanah itu pada RM1,500,000 seekar.] [3m] Camelia Boutique has received several bookings of cotton batik fabrics from customers on 30th November 2021 and the delivery of these fabrics are made on 15th December 2021. Camelia has recorded these transactions as sales on 15th December 2021. [Butik Camelia telah menerima beberapa tempahan fabrik batik kapas dari pelanggan pada 30 November 2021 dan penghantaran fabrik ini dibuat pada 15 Disember 2021. Camelia telah mencatatkan transaksi ini sebagai jualan pada 15 Disember 2021.] [4m] UT CamScanner [Total [Jumlah] 10m]