Question: please do the journal and general ledger and balance sheet 1.On 1st January 2021 Rock Itd purchased an asset for $ 15500. The transportation cost

 please do the journal and general ledger and balance sheet 1.Onplease do the journal and general ledger and balance sheet

1.On 1st January 2021 Rock Itd purchased an asset for $ 15500. The transportation cost for the asset to bring it to the factory was $ 500. The life of the asset is 5 years. Calculate its annual depreciation as per staright line method and show the ledger accounts for each of the 5 years. 10 marks 2. On 1st Januray 2021 Rogers Itd purchased an asset for 6000$ and its estimated life was 3 years with a residual value of $500. Calculate depreciation on the asset and show ledger accounts by following the deciling balance method of depreciation. 10 marks

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