Question: Memory Sdn Bhd bought a lorry for business at cost of RM17,000. The lorry is expected to depreciate at 35% per annum and then be

Memory Sdn Bhd bought a lorry for business at cost of

Memory Sdn Bhd bought a lorry for business at cost of RM17,000. The lorry is expected to depreciate at 35% per annum and then be sold for scrap for RM2,000. The annual depreciation charged to profit and loss account of Maxim Sdn Bhd is as following: Required: a. Identify the depreciation method used by Memory Sdn Bhd (show relevant workings). (10 marks) b. Explain the suitability of the depreciation method

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