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I have done part a correctly and more than half of part b. i just need the entry where i have written xyz. thanks The
I have done part a correctly and more than half of part b. i just need the entry where i have written xyz. thanks
The information that follows relates to equipment owned by Sweet Acacia Limited at December 31, 2023. Assume that Sweet Acacia will continue to use this asset in the future. As at December 31, 2023, the equipment has a remaining usefut life of four years. Sweet Acacia uses the straight-line method of depredation. 1. Prepare the fournal entry at December 31.2023, to record anet imeaiment, H arm 2. Prepare the journal entrvio record deprecistion expense for 2024 increase in far value: Repeat the requirements in part (a) above assuming that Sweet Acacia is a public company that follows ifRS. (Credit occount tibles are automatically indented when the amount Is entered. Do not indent manually. If no entry ls required, select "No Entry" for the occount titles and enter O for the amounts. List all debit entries before credit entries.) Step by Step Solution
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