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Joey Corporation has purchased new Machine at January 2021 for 10,000,000. It was estimated that it would be depreciated on a straight-line basis for 10

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Joey Corporation has purchased new Machine at January 2021 for 10,000,000. It was estimated that it would be depreciated on a straight-line basis for 10 years with salvage value 1,000,000 Required: 1) Calculate the annual depreciation for the Equipment. 2) Show the relevant income statement extracts and statement of financial position extracts for the years 2021,2022,2023

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