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Discuss different method lead to the recognition

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Question - Dec. 31 Discarded an equipment that was purchased on 1 January, 2018. The equipment costs $20,000 and was depreciated on an 8-year useful life with a residual value of $800. The equipment is depreciated using diminishing-balance method, with a depreciation rate 1.5 times the straight-line rate.

Journalise entries and discuss different method lead to the recognition of different amounts of depreciation.

Reference no: EM132566064

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