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Calculate amortization using straight line and declining balance methods. Asset Equipment acquired for $50,000 Useful life 20 years Rated to 500,000 KM life, 60,000 KM
- Calculate amortization using straight line and declining balance methods.
- Asset Equipment acquired for $50,000
- Useful life 20 years
- Rated to 500,000 KM life, 60,000 KM current year
- Asset Deteriorates at 30% a year
- Prepare the journal entry for each amortization calculation above.
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Managerial Accounting An Introduction To Concepts Methods And Uses
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil, Sidney Davidson
7th Edition
0030259630, 978-0030259630
