Question
b. prepare entry(ies) that parnell would make on the december 31, 2018 conversion worksheet to conver us gaap balances to ifrs.
Parnell Company acquired construction equipment on January 1, 2017, at a cost of $71.700. The equipment was expected to have
Debit Credit Date Account Title 12/31/2018 Accumulated depreciation - Equipment Revaluation surpluson able to figure out. I keep getting for 2017 $47020 and 2018 $53275 which = $6255 but i know its wrong. please help
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Answer Janal Estly thak Pavnell C2mpany wald make on December 31 Conver s7on sheet to Corvert US GAAP balances to IERI 2০(2 P2 fngluation supls Revalutian_ Sunplys- Cimying vglye. of Assel asof fevalued as00 Janl 2018 Amoynt of Dec 32,2017 LEqulpmentCarying Value of Eplpmegt_(hoqluel)_as_on Dec 3L2012 Reglyed Equipment 45_00 In1,_201f DepeciatolZ beuglued Opreciątion for

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