Question
J an purchased the following for her manufacturing business in 2022: Machinery August 10, 2022 $47,000 Equipment October 15, 2022 $45,000 Which convention is used
J
an purchased the following for her manufacturing business in 2022:
Machinery August 10, 2022 $47,000
Equipment October 15, 2022 $45,000
Which convention is used for the assets to calculate depreciation expense?
| a. | Machinery Half year, Equipment Half year | |
| b. | Machinery Half year, Equipment Mid quarter | |
| c. | Machinery Mid month, Equipment Half year | |
| d. | Machinery Mid quarter, Equipment Mid quarter |
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Financial accounting
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
IFRS Edition
9781119153726, 978-1118285909
