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bad2341

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  • August 21, 2017 at 3:45 pm #402794
    c3961f53a20cd3895af5b6c8b33592558a9d8824cd8a545057fd03f439b646f8 80bad2341
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    sir i have a question on depreciation . the question is
    Rookie bought a machine for $10,000on 1 January2015.He estimates a useful life of eight years and a residual value of $800. Depreciation is to be calculated on a straight line basis
    Required:Write up for 2015 and 2016 the:
    a)Machinery account
    b)Accumulated depreciation account
    c)Depreciation expense account.

    B)Show how the machine would be presented in the S.O.F.P as at 31 December2015 and 31 December 2016

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