Sesame plc purchased a computer system for 74,000 on January 1, 2017. It was depreciated based on

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Sesame plc purchased a computer system for £74,000 on January 1, 2017. It was depreciated based on a 7-year life and an £18,000 residual value. On January 1, 2019, Sesame revised these estimates to a total useful life of 4 years and a residual value of £10,000. Prepare Sesame's entry to record 2019 depreciation expense.
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Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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