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On June 1 , 2 0 2 3 , a company buys equipment for KD 3 0 , 0 0 0 . It has, at
On June a company buys equipment for KD It has, at the end of its useful life, a residual value KD and an estimated life of years Assume the company uses doubledecliningbalance depreciation. Please complete the depreciation schedule below. pointsDepreciation for the yearDateAsset CostDepreciableCostDepreciation rateDepreciation expenseAccumulated depreciationBook valueDecember If the company uses the units of production depreciation method and the total units over the useful life of the equipment are units. Compute the depreciation rate per unit? points Compute the book value at the end of the first year using the straightline method. points The company sold the equipment at the end of the first year for KD Make the journal entry to record the sale assume the use of straightline method for the depreciation points
On June a company buys equipment for KD It has, at the end of its useful life, a residual value KD and an estimated life of years Assume the company uses doubledecliningbalance depreciation. Please complete the depreciation schedule below. pointsDepreciation for the yearDateAsset CostDepreciableCostDepreciation rateDepreciation expenseAccumulated depreciationBook valueDecember If the company uses the units of production depreciation method and the total units over the useful life of the equipment are units. Compute the depreciation rate per unit? points Compute the book value at the end of the first year using the straightline method. points The company sold the equipment at the end of the first year for KD Make the journal entry to record the sale assume the use of straightline method for the depreciation points
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