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Question 2 On 1 August 2021, Kate sold a van for RM23 000. He had acquired the van more than a year ago at a cost of RM70 000. At the date of disposal, the accumulated depreciation was RM21 000 a) Fill in the missing items in the disposal account. (4m) b) Identify two reasons why there was a profit or loss on the disposal, as (2m) calculated in (a). Kate has another van (cost of RM74 000 and accumulated depreciation of RM20 000) which could be part exchanged for a new one (cost of RM78 000). The seller informed Kate that the exchange value is RM35 000. c) Fill in the missing items in the disposal account. (4m) d) Suggest two advised each to Kate on: (10m how to avoid or minimise a loss on a sale of a non-current asset ) > The factors to consider before selling a non-current asset. (need 4 advised all together) Question 2 On 1 August 2021, Kate sold a van for RM23 000. He had acquired the van more than a year ago at a cost of RM70 000. At the date of disposal, the accumulated depreciation was RM21 000 a) Fill in the missing items in the disposal account. (4m) b) Identify two reasons why there was a profit or loss on the disposal, as (2m) calculated in (a). Kate has another van (cost of RM74 000 and accumulated depreciation of RM20 000) which could be part exchanged for a new one (cost of RM78 000). The seller informed Kate that the exchange value is RM35 000. c) Fill in the missing items in the disposal account. (4m) d) Suggest two advised each to Kate on: (10m how to avoid or minimise a loss on a sale of a non-current asset ) > The factors to consider before selling a non-current asset. (need 4 advised all together)

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