Question: Please help me. Please help me . Please help me. Question 1 Allcan Trading has the following non-current assets at 31 December 2021. Assets Cost

Please help me. Please help me . Please help me.

Please help me. Please help me . Please help me. Question 1

Question 1 Allcan Trading has the following non-current assets at 31 December 2021. Assets Cost (RM) Purchase Date Depreciation (per annum) Office equipment 240,000 1 September 2020 Reducing balance 10% Office equipment 360,000 30 April 2021 Reducing balance 10% On 1 June 2021, the equipment which was purchased in the year 2020 was traded-in with a new equipment costs RM180,000. Assuming financial year ends at 31 December and the computation of depreciation is based on monthly basis. Required: Prepare the following accounts of the office equipment: a) Office equipment account. (5 marks) b) Depreciation account. (3 marks) c) Accumulated depreciation account. (2 marks) d) Disposal account. (4 marks)

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