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Q6. ON JAN 1, 2017 BETTA CO. BOUGHT A MACHINE FOR $50,000. RESIDUAL VALUE $5,000, LIFE 3 YEARS. BETTA USES THE DOUBLE DECLING BALANCE METHOD.

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Q6. ON JAN 1, 2017 BETTA CO. BOUGHT A MACHINE FOR $50,000. RESIDUAL VALUE $5,000, LIFE 3 YEARS. BETTA USES THE DOUBLE DECLING BALANCE METHOD. PROVIDE THE APPROPRIATE JOURNAL ENTRIES FOR 2017, 2018 AND FOR 2019. SHOW CALCULATIONS (5 Marks) ANSWER: JOURNAL ENTRIES FOR YEAR ENDING DEC 31, 2017 Dr. Cr. ANSWER: JOURNAL ENTRIES FOR YEAR ENDING DEC 31, 2018 Dr. Cr. ANSWER: JOURNAL ENTRIES FOR YEAR ENDING DEC 31, 2019 Dr. Cr

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