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a ) No depreciation has been recorded on the equipment. The equipment has a useful life of 1 0 years at which time it is

a) No depreciation has been recorded on the equipment. The equipment has a useful life of 10 years at which time it is estimated to have a resale value of $5,000. Doggie will record an entire year of depreciation in the first year.
(b)Doggie became a GST registrant during the year. As food products are PST and GST exempt, neither tax is charged to its customers. After registering, Doggie purchased equipment for $15,000+ PST $1,050+ GST $750, for a total of $16,800. Equipment was debited for $16,800. Doggie wants you to confirm that the accounting was correct and if not, correct it.
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