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very urgent In january 2009 Rashed enterprises purchased equipment for 10,000 and was estimated to have a useful fe of 14 years with a residual
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In january 2009 Rashed enterprises purchased equipment for 10,000 and was estimated to have a useful fe of 14 years with a residual value of 10.000 at the end of 2019, was determined that the equipment is of lower quality and there was a change of estimates accordingly. The useful life is now estimated to be 15 years with 10.000 residual value. Alles are in AED (5 Marks Required: A. Compute the depreciation expenses for 2020 marlo B. Show the journal record for 2020 (1 mark Explain three factors involved in the depreciation process (3 Maris) Step by Step Solution
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