vvv Limited purchased a machine for $300,000 cash on 1 July 2005. The useful life...
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Accounting
vvv Limited purchased a machine for $ cash on July The useful life of the machine is years, no residual value and straight line method for depreciation. The company uses the revaluation model.
On December the fair value was $ for the machine. On
December the fair value was $ for the machine.
The machine has a fair value of $ on December and $ on December
Required:
Provide the journal entries related to machine.
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