Amorico Pty Ltd scrapped the following machines as worthless. Depreciation expense was recorded last on 31 December
Question:
Amorico Pty Ltd scrapped the following machines as worthless.
Depreciation expense was recorded last on 31 December 2018.
Required
Prepare separate entries to record the disposal of the machines by Amorico Pty Ltd.
Transcribed Image Text:
Machine 1 2 3 Cost $ 8400 18000 40 000 Accumulated depreciation 2 Jan. 2019 $ 8400 15500 27 300 Removal expense paid $900 Date of purchase Date of disposal 2/1/12 2/1/16 30/6/11 2/1/16 30/6/12 1/4/16
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Related Book For
Financial Accounting
ISBN: 9780730363217
10th Edition
Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie, Andreas Hellmann, Jodie Maxfield
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