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Open a machinery account ( no . 2 3 0 ) and an accumulated depreciation - machinery account ( no . 2 3 1 )
Open a machinery account no and an accumulated depreciation machinery account no and prepare subsidiary
property and plant records for the two assets. Post the journal entries to the general ledger accounts and to the subsidiary
property and plant records. Leave blank any answer fields that do not require an answer. Round answers to decimal places, eg Selected transactions of Coromandel Ltd are given below. The company uses straightline depreciation and calculates depreciation
expense to the nearest whole month.
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