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Cost of Equipment $500,000 Est. Useful life 5 Est. SV $50,000 Production Life hours 30000 Date of Purchase July1,2019 The company use Straight Line Method
Cost of Equipment $500,000
Est. Useful life 5
Est. SV $50,000
Production Life hours 30000
Date of Purchase July1,2019
The company use Straight Line Method for Depreciation
At Dec.31,2020 the recoverable amount was $350000, compute impairment loss if there is
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Public Sector Accounting
Authors: Budding, Tjerk, Grossi, Giuseppe, Tagesson, Torbj
1st Edition
0415683149, 9780415683142
