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Question 1 (5 marks) XY2 purchased an equipment on 1/6/2015 to 530,000 and 55000 residual value and B years useful life or 50,000 working hour

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Question 1 (5 marks) XY2 purchased an equipment on 1/6/2015 to 530,000 and 55000 residual value and B years useful life or 50,000 working hour Required 1. The Accumulated depreciation for the equipment on 31/12/2015 using units of activity if you know that the company operated the equipment 3000 hours in 2015 2. The adjusting entry that must be made on 31/12/2016 using the straight line method 3. The book walue of the equipment on 31/12/2013 if the double destining balance method is used Question 2 (4 marks) You are given a part of Plant assets that appears in the statement of financial position for Natasha Company SOFT 31/12/2015 Plant Assets Equipment 65,000 less: atedep 19,500) the Equipment has an expected unaful life 3 years and tesidual value $3000. (SLM used Find the following 1) Book value 31/12/2018? 2) depreciation expense for 2019? 3) Accumulated depreciation on 31/12/20197 4) The Date of purchasing the equipment

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