Gazel Tech Bhd bought a high-tech equipment from a United Stated company on 1 July 2018 for

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Gazel Tech Bhd bought a high-tech equipment from a United Stated company on 1 July 2018 for USD 156,000 and paid for it on 30 September 2018. The related exchange rates were as follows:

1 July 2018 USD 1=RM 3.20

30 September 2018 USD 1=RM 3.50

31 December 2018 USD 1=RM 3.40

No entries have been made for the acquisition of the above equipment.

Related Book For answer-question

Financial Accounting An Integrated Statements Approach

ISBN: 978-0324312119

2nd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Posted Date: Jul 04, 2020 09:59 AM

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Gazel Tech Bhd bought a high-tech equipment from a United Stated company on 1 July 2018 for

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Financial Accounting An Integrated Statements Approach

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