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10. On 1 July 2015. Snow White Ltd purchased equipment for $4 million. Snow White Ltd uses the revafuation model to account for equipment. Snow

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10. On 1 July 2015. Snow White Ltd purchased equipment for $4 million. Snow White Ltd uses the revafuation model to account for equipment. Snow White Ltd depreciated the equipment over its estimated useful life of four years using the straight-line method. Disposal value at the end of four years was assessed as zero. Indicators of impairment andfor reversal of impairment existed at 30 June 2016. 201? and 201 B. The informaon below shows relevant asset measurements at various dates. Year ended 30 June Fair value Costs to sell Value-in-use 201 8 $2 910 000 $50 000 $2 950 000 2017 1 940 000 80 000 1 880 000 2018 1 140 000 40 000 1 130 000 Required Prepare general ioumal entries to account for Snow White's equipment from 1 July 2015 to 30 June 2018. Your answer must comply with the requirements oi M53 116 'Property. Plant and Equipment' and M33 136 'lmpainnent of Assets'. (L05 IEI. L06 IQ)

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