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 sheet1.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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