Maurice Tutor

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    Argosy University/ Phoniex University/
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Category > Management Posted 05 Jan 2018 My Price 4.00

Double Declining Balence

hi there;

A machine with cost of 1.000.000 TL is purchased on january 1 , 2016. Its useful life is 5 years and estimated residual is 20.000 TL.(Double Declining Balence)

Required:

a-)Calculate this machine's depreciation expenses over 5 years.

b-)Journalize the sale transaction when this machine is sold for 300.000 TL after 3 years.

 
 

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Maurice Tutor
(5)
Status NEW Posted 05 Jan 2018 01:01 PM My Price 4.00

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