On 1 July 2021, equipment of $24 189 ($21 990 + $2199 GST) was purchased for cash
Question:
On 1 July 2021, equipment of $24 189 ($21 990 + $2199 GST) was purchased for cash and is to be depreciated at 15% p.a. with a residual value of $1100 ($1000 + $100 GST). Prepare:
a the straight line depreciation worksheet to 30 June 2023 b general ledger extracts for the asset and appropriate depreciation accounts for 30 June 2022 and 2023.
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Equipment Depreciation a Straight Line Depreciation Worksheet Year Ending Cost Depreciation Rate Ann...View the full answer
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Related Book For 
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson
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