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Q1: The following balances appeared in the books of a company Machines 8000 Dollars Provision for depreciation of machines 700 Dollars Required: 1. To record
Q1: The following balances appeared in the books of a company Machines 8000 Dollars Provision for depreciation of machines 700 Dollars Required: 1. To record the annual depreciation of machines, noting that the machines are depreciated annually at a rate of 5%, a decreasing premium. 2- The effect of this on the balance sheet
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