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it want this answer in straight line depreciation method Air New Zealand (ANZ) is a Star Alliance member airline. Assume that earty in 2020, ANZ
it want this answer in straight line depreciation method
Air New Zealand (ANZ) is a Star Alliance member airline. Assume that earty in 2020, ANZ purchased equipment at a cost of $220,000 (NZ). Management expects the equipment to remain in service for four years and estimated residual value to be negligible. ANZ uses the straight - fine depreciation method. Through an accounting errof, ANZ expensed the entir cost of the equipment at the time of purchase Requirement Prepare a schedule to show the overstatement or understatement in tho following items it the end of each year over the four-year life of the equipment. Ignore income taxes 1. Total current assels 2. Equipment, not 3. Net income 4. Shareholders' equity Step by Step Solution
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