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Create the depreciation table over the economic life

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Reference no: EM132728706

One piece of equipment was purchased on January 1, 2018 at a cost of Rp. 14,000,000; and has a residual value of Rp. 2,000,000, - while the economic age is estimated at 6 years.

With the straight line method it is requested:

Problem 1. Keep a journal at the time of purchase

Problem 2. Create the depreciation table over the economic life

Problem 3. Make the adjusting entry on December 31, 2019

Reference no: EM132728706

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