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Record the journal entries. 1 January 2020 company with a year end 31 December acquired machinery of R500 000 depreciated over 5 years with residual

Record the journal entries.

1 January 2020 company with a year end 31 December acquired machinery of R500 000 depreciated over 5 years with residual value of R 0.00. On 30 June 2022 the company capitalised a major repair R135 000 which increased the use life by 2 years.

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