Coffeenia Ltd acquires a grinding machine on July 1 2006 for $100000 which will have no residual value after 10 years.. On July 1 2008 as part of the company’s routine revaluation policy
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DE THI KIEM TRA CHUYEN MON
Vị trí: kiểm toan vién (Va co.KMPG )
Ngày thi: 20/ 06/ 2007
Thời gian làm bài: 30 phút
Họ & tên Ứng vIÊn: -.«-.-xx.-x.lN TH SINH:
SỐ điểm-
Coffeenia Ltd acquires a grinding machine on July 1 2006 for $100000 which will have no residual value after 10 years On July 1 2008 as part of the company’s routine
revaluation policy, the machine is to be assessed at the fair value of $96000 The machine is sold for $89000 on July 1 2010 The depreciation treatment is based on the straight-line approach
Provide the appropriate calculations and journal entries for all the above transactions