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18)(b) On January 1, 2020, Sustco Ltd. purchased a piece of equipment for $19,000. At the time, management determined that the equipment would have a
18)(b) On January 1, 2020, Sustco Ltd. purchased a piece of equipment for $19,000. At the time, management determined that the equipment would have a residual value of $3,000 at the end of its five year life. Sustco has a December 31 year end and uses the double-diminishing-balance method. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1, 2020 udy Dec. 31, 2020 Dec. 31, 2021 Dec. 31, 2022 SHOW LIST OF ACCOUNTS LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor
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