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Prepare the general journal entries to account for the plant lining, specifically depreciation, write-off of the old plant lining, and capitalisation of the new plant
Prepare the general journal entries to account for the plant lining, specifically depreciation, write-off of the old plant lining, and capitalisation of the new plant lining, in the records of Power Source Limited for the financial year ended 31 December 2023 in accordance with the International Financial Reporting Standards. Note: No general journal entries are required to record the original purchase of the plant lining
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