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Kindly answer The following information relates to Equipment and related accounts of DJ Khaleed Inc: P260,000 Equipment, beginning balance 300,000 Equipment, ending balance Equipment sold
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The following information relates to Equipment and related accounts of DJ Khaleed Inc: P260,000 Equipment, beginning balance 300,000 Equipment, ending balance Equipment sold during the year: Cost 20,000 Book value 4,000 10,000 Fully depreciated equipment written off during the year Accumulated Depreciation, beginning balance 180,000 Accumulated Depreciation, ending balance 169,000 Step by Step Solution
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