On 1 April 2016, Syarikat Juice Buzz bought a RM24,000 machine. On 1 January 2017, the company bought another RM28,000 machine. The machine depreciation rate for machine is 20% on cost (the depreciation is calculated based on the monthly usage of the machine). In December 2018, the machine purchased in 2016 was old for RM17,000. The Syarikat Juice Buzz's financial year ends on 31 December. Prepare the following accounts for 3 years until 31 December 2018: (a) Machinery account. (b) Accumulated depreciation account for machinery. (20 marks, 2019 Q3) A. Ref:
Q. a) Lot 456, Section 5, Town of Kuala Lumpur with the land area of 20,000 square feet is zoned for commercial use with the plot ration of 1:7.0 and plinth area of 60%. The owner has proposals for a building with a built-up area of 250,000 square feet and 150 car parking bays. Due to the location of the lot close to a MRT Station it is classified as a TOD development and therefore gets a relief of 50% for the car parking bay requirement. The Development Charge imposed by DBKL is at RM15.00 per square foot for every additional square foot floor area and RM60,000 for every shortfall of car parking bay. Calculate the development charge levy if the proposed development is granted planning permission. (15 marks) b) With examples explains another two (2) situations where Development Charge may be levied other than 3 (a). (10 marks) (25 marks, 2019 Q3) A. Ref:
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