On 1 May 2022, the company purchases a new machine and its monthly depreciation expenses is estimated
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Question:
- On 1 May 2022, the company purchases a new machine and its monthly depreciation expenses is estimated at RM2,000. This new machine has increased the sales (in unit) by 10%. Assume that the sales in May is RM200,000 and no changes in selling price and variable cost per unit.
- What is an expected net income in May 2022?
Related Book For
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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