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1.On 1st January 2021 Rock ltd purchased an asset for $ 15500.The transportation cost for the asset to bring it to the factory was
1.On 1st January 2021 Rock ltd 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. 2. On 1st Januray 2021 Rogers ltd purchased an asset for 6000$ and its estimated life was 3 years with a residual value of $1000. Calculate depreciation on the asset and show ledger accounts by following the deciling balance method of depreciation.
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