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please help me solve this these are the accounts that can be selected Accumulated amortisation franchise Accumulated amortisation patents Accumulated depreciation-computer Accumulated depreciation-equipment Accumulated depreciation-machinery

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Accumulated amortisation franchise Accumulated amortisation patents Accumulated depreciation-computer Accumulated depreciation-equipment Accumulated depreciation-machinery Accumulated depreciation-truck Accumulated impairment loss Amortisation expense Cash Computer Delivery truck Depreciation expense Equipment Franchise GST collected GST paid Impairment loss Loss on disposal Loss on scrapping Machinery Patents Research and development expense Revaluation expense Revaluation surplus End of Chapter Exercise 8.7 On 1 July 2014, Capers Ltd purchased equipment with cash for a total cost of $202,400 including 10% GST. The estimated useful life of the equipment was 10 years, with an estimated residual value of $18,000. The entity's reporting period ends on 30 June, and it uses straight-line depreciation. On 1 July 2016, the entity revalued the equipment upwards by $17,000 to reflect the fair value. The revised useful life was 8 years and residual value was estimated at $11,000. On 1 January 2018, Capers Ltd revalued the equipment downwards by $20,200 to reflect the fair value. (a) Prepare the journal entries in relation to the equipment from the date of acquisition. (Enter debit entries first followed by credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Capers Ltd General journal Debit Credit Date Account and explanation $ 1/7/14 Equipment Cash 202400 GST paid 20240 30/6/15 Depreciation expense Accumulated depreciation-equipment 30/6/16 Depreciation expense Accumulated depreciation-equipment 1/7/16 Equipment Revaluation surplus (To record equipment at carrying value before revaluation) (To record revaluation) 30/6/17 Depreciation expense Accumulated depreciation-equipment 1/1/18 Revaluation surplus Impairment loss (To record depreciation expense) 1/1/18 (To record equipment at carrying value before revaluation) 1/1/18 (To record equipment at carrying value before revaluation) (To record revaluation)

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