Question: Answer ALL questions. QUESTION 1 a. Lim Enterprise purchased a motor vehicle for their delivery service with cost of RM 550 000. The asset is

Answer ALL questions. QUESTION 1 a. Lim Enterprise purchased a motor vehicle for their delivery service with cost of RM 550 000. The asset is expected to have 9 years of useful life with RM 22 000 of residual value. Calculate the depreciation assuming the depreciation rate is 11%. 3 QUESTION 2 (10 marks) H b. The value of some assets might be affected by environmental and economical factors over the years. Explain the relevancies of this situation. Building Trial balance as at 31 December 2012 RM 50.000 (10 marks) [Total 20 marks] 3 RM 0

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