On December 31, 2019, Faital plc acquired a computer from Plato Group by issuing a 600,000 zero-interest-bearing
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Instructions
a. Prepare the journal entry for the purchase on December 31, 2019.
b. Prepare any necessary adjusting entries relative to depreciation (use straight-line) and amortization on December 31, 2020.
c. Prepare any necessary adjusting entries relative to depreciation and amortization on December 31, 2021.
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Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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