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Jamil decided to depreciate his office machinery at 10% per annum using the straight-line method calculated on a month-by-month basis from the date of purchase
Jamil decided to depreciate his office machinery at 10% per annum using the straight-line method calculated on a month-by-month basis from the date of purchase to the date of disposal He provided the following information: 1* January 2016 Purchased office machine A, $20,000 paying by cheque 18 October 2019 Purchased office machine B. $15,000. paying by cheque 1st July 2020 Purchased office machine C, $30,000, on credit from XY Limited. Jack Limited sold office machine A for $8,000 REQUIRED: (6) Prepare the following accounts in the ledger of Jack for each of the two years ended 31st December 2019 and December 2020. Balance the accounts and bring down the balances on Office machinery account Provision for depreciation of office machinery account
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