Homework Answers
| Opening | Accumulated | Closing | |||
| Date | Cost | WDV | Depreciation | Depreciation | WDV |
| 31/12/2015 | $ 140,000.00 | $ 140,000.00 | $ 28,000.00 | $ 28,000.00 | $ 112,000.00 |
| 31/12/2016 | $ 112,000.00 | $ 28,000.00 | $ 56,000.00 | $ 84,000.00 | |
| 31/12/2017 | $ 84,000.00 | $ 28,000.00 | $ 84,000.00 | $ 56,000.00 | |
| 31/12/2018 | $ 56,000.00 | $ 28,000.00 | $ 112,000.00 | $ 28,000.00 |
| Entry | ||||
| Particulars | Debit | Credit | ||
| Depreciation Expense | $ 28,000.00 | |||
| To Accumulated Depreciation | $ 28,000.00 | |||
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quantum inc prepare ACCT 201 Chapter Practice Problems 1. Quantum in prepares monthly financial statements t...
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