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Company X bought a computer on January 1 2019 at $87,000. Its estimated residual value is $2,000 and its estimated useful life is five years

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Company X bought a computer on January 1 2019 at $87,000. Its estimated residual value is $2,000 and its estimated useful life is five years You are required to calculate the annual depreciation (showing all the workings) and prepare: 1. Provision for Depreciation Account from January 1 2019 to December 31 2020 2. The Balance Sheet extract of Fixed Assets portion from January 1 2019 to December 31 2020

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