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Question:
Tan Long Sdn. Bhd. bought a motor vehicle with a cost of RM100,000 on 1 January 2018 and adopted the revaluation model. The estimated useful life of the motor vehicle is five years. On 1 July 2018, the motor vehicle was revalued with a fair value of RM99,000 at that date.
So for next year depreciation, if without revaluation, what will be the workings? It is RM99 000 divided by 4 years?
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