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Construct the journal entry for dec

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Reference no: EM132531352

  • An equipment , with initial value 80,000 and accum depn of 34,000 in 31 december 2016 the company had impairment tests for the Equipment The recoverable amount of Equipment was assessed as $43,000
  • The Equipment is measured based on the cost model company tax rate is 30%

Question 1: Prepare the journal entry for 31 dec 2016

Question 2: Should we do the dtl / dta adjustment , please give me the reason ( if yes , please give the journal entry too )

Reference no: EM132531352

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