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What journal entry would Mountains Ltd make

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Problem - On 1 July 2017, Mountains Ltd purchased a new snow-making machine for $210 000. The machine is estimated to have a 10-year life with a $10000 residual value.

Required - What journal entry would Mountains Ltd make at 30 June 2018 if it uses the straight-line method of depreciation?

Reference no: EM132634635

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