On January 1, 2017, Rolling Hills Country Club purchased a new riding mower for 18,000. The mower

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On January 1, 2017, Rolling Hills Country Club purchased a new riding mower for £18,000. The mower is expected to have an 8-year life with a £2,000 residual value. What journal entry would Rolling Hills make at December 31, 2017, if it uses straight-line depreciation?
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Financial Accounting

ISBN: 978-1118978085

IFRS 3rd edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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