David Ltd commence operations on 1 July 2018 On the same date it purchase a machine cost
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Question:
David Ltd commence operations on 1 July 2018
On the same date it purchase a machine cost of 100000 residual value 10000.
Useful machine life is 5 yrs
David sold machines on 30 June sale price 40000
Required
Prepare depreciation schedule using double declined balance depreciation method
Prepare journals entry prepare depreciation schedule using sum of year digits method
Related Book For
Financial Accounting
ISBN: 978-1259103285
5th Canadian edition
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M
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