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Current Attempt in Progress Machinery purchased for $47,800 by Bramble clarp. on January 1, 2015, was originally estimated to have an 8-year useful life with

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Current Attempt in Progress Machinery purchased for $47,800 by Bramble clarp. on January 1, 2015, was originally estimated to have an 8-year useful life with a residual value of $3,000. Depreciation has been entered for five years on this basis. In 2020, it is determined that the total estimated useful life (including 2020) should have been 10 years, with a residual value of $3,600 at the end of that time. Assume straight line depreciation and that Bramble Corp. uses IFRS for financial statement purposes. Repeat part (b) assuming Bramble Corp. uses the double-declining-balance method of depreciation. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round answers to decimal places, es. 5,275.) Debit Credit Account Titles and Explanation

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