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Help Please 4. Below are the machinery bought buy Budweiser using cheque from year 2018 to 2020. Cost (RM) Date of Purchase 1 January 2018
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4. Below are the machinery bought buy Budweiser using cheque from year 2018 to 2020. Cost (RM) Date of Purchase 1 January 2018 Machine AA 20,000 Machine BB 1 March 2018 50,000 Machine DD 1 November 2018 10,000 Machine EE 1 May 2020 8,000 Depreciation is over ten years, using the straight line method at annual depreciation rate of 8%. Depreciation policy states that full depreciation is made on non-current assets owned for more than six months in a financial year. Required: Prepare: (a) The journal entries for the above transaction (b) The Machinery Account (c) The Depreciation Account (d) The provision for Depreciation AccountStep by Step Solution
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