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. V. Prepare the necessary adjusting entries on December 31. 1. A machine costing P530,000 was with estimated life of 10 years. The salvage value

. V. Prepare the necessary adjusting entries on December 31. 1. A machine costing P530,000 was with estimated life of 10 years. The salvage value of the machine is P30,000. 2. On August 1 the compan...

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