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(i) ABC company purchases a new machine from supplier XYZcompany amounted USD50,000 on 15 Mar 2020 and it is used inproduction on 01 Jun 2020.
(i) ABC company purchases a new machine from supplier XYZcompany amounted USD50,000 on 15 Mar 2020 and it is used inproduction on 01 Jun 2020. The estimated useful life for thismachine is 5 years. 1 answer
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