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DEPRECIATION Trust Limited made the following purchases of machinery 2013. January 1. Machine 01 4000 cedis 2013. October 1. Machine 02.2000 cedis 2014. June 30.

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DEPRECIATION Trust Limited made the following purchases of machinery 2013. January 1. Machine 01 4000 cedis 2013. October 1. Machine 02.2000 cedis 2014. June 30. Machine 03. 5000 cedis Depreciation is to be at a rate of 20% on cost on a monthly basis. On 31/3/15, machine 01 was sold for 2,150 cedis. No other purchases or sales of machinery took place in 2015. Prepare the following accounts A. Machinery at cost account for 2013 to 2015 B. Provision for depreciation of machinery account for 2013 to 2015 C. Machinery disposal account D. Statement of financial position extract for the years ended 2013 to 2015 BAD DEBT 1. GSL started business 1/1/2020 and wrote the following debts off as shown below: 15 February D. Nyarko 65.00 cedis 30 March A. Agyemang 24.00 cedis 20 June T. Kloury 110.00 cedis Construct the relevant accounts. 2. Goods were sold on credit to class captain on 19/10/20 for GHS950.00. On 15/12/20 Class Captain was declared bankrupt. A payment of 30pesewas was received in full settlement and the remained written off as bad debt. Show the ledger account of Class Captain to reflect the above details

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