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i'm in hurry. Thank you On 30 June 2021, the following information was available for a piece of equipment: Purchased on 1 July 2018, cost
i'm in hurry. Thank you
On 30 June 2021, the following information was available for a piece of equipment: Purchased on 1 July 2018, cost $65,000, useful life 6 years, residual value $5,000. Fair value recorded on 30 June 2020 was $49,000 Straight line depreciation is applied for equipment On 30 June 2021, the amount that should be recorded for depreciation expense on the equipment is: Select one: a. $8,167 b. $11,000 C. $10,000 d. $7,333Step by Step Solution
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