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Previous tuitor resolved this question but out of 3 one last sticker could not be open so pls rectify enabling it to be able to

Previous tuitor resolved this question but out of 3 one last sticker could not be open so pls rectify enabling it to be able to open pls so this should not be counted thanks

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Exercise 5.17 Acquisitions, disposals, depreciation Swan Led purchased equipment on 1 July 2021 for $119 400 cash. Transport and installation costs of $12 600 were paid on 5 July 2021.(To be included) Useful life and residual value were estimated to be 10 years and $5400 respectively. Swan Ltd depreciates equipment using the straight-line method to the nearest month. and reports annually on 30 June. In June 2023, changes in technology caused the company to revise the estimated useful life from 10 years to 5 years, and the residual value from $5400 to $3600. This revised estimate was made before recording the depreciation for the reporting period ended 30 June 2023 (a) On 30 June 2023, the company adopted the revaluation model to account for equipment An expert valuation was obtained showing that the equipment had a fair value of $90 000 at that date. (Fair Value - Carrying Value) (b) On 30 June 2024, depreciation for the year was charged and the equipment's carrying amount was remeasured to its fair value of $48 000. (c) On 30 September 2024, the equipment was sold for $25 200 cash. Required 1. Prepare general journal entries to record depreciation of the equipment for the years ended 30 June 2022 and 2023. 2. Prepare general journal entries to record the transactions and events for the period ] July 2022 to 30 September 2024 for items (a) to (c). (Narrations are not required.) (Show all workings and round amounts to the nearest dollar.) 1

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