Question: Instructions: - Answer ALL questions - Set financial calculator to 2 decimal places - Vtems in the journal entries MUST be listed in their descending

Instructions: - Answer ALL questions - Set financial calculator to 2 decimal places - Vtems in the journal entries MUST be listed in their descending order of value fo the purpose of being graded correctly by Moodle. A. Batman Inc uses revaluation accounting for its Machinery. The following information has been provided. July 7. 2022: Purchased Machinery for $250.000 on account Estimated Useful Life: 10 years Residual Value: 50 Depreciation Method: Straight line (nearest full month) Frequency of Revaluation: Anmually Valuation Data July 7, 2022: $250000 December 31,2022: \$234000 December 31,2023: $220000 Instructions: - Answer ALL questions - Set financial calculator to 2 decimal places - Vtems in the journal entries MUST be listed in their descending order of value fo the purpose of being graded correctly by Moodle. A. Batman Inc uses revaluation accounting for its Machinery. The following information has been provided. July 7. 2022: Purchased Machinery for $250.000 on account Estimated Useful Life: 10 years Residual Value: 50 Depreciation Method: Straight line (nearest full month) Frequency of Revaluation: Anmually Valuation Data July 7, 2022: $250000 December 31,2022: \$234000 December 31,2023: $220000

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