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Question:
A company purchased two rivets making machine on 1 jan 2010 a cost of sh 600000 each.
Each machine had an estimated useful life of 5 years and nil residual values. Straight line method of depreciation is used.
following to an unforeseen slump in the demand for rivet, the company decided to reduce its output and switch to making other product
On 31.03.12 ne rivet making machine was sold on cash basis to a buyer sh 320000.in nov 2012,the company decided to stop making rivet and decided to sell the second rivet at sh 100000 on 31.12.13 in cash.
Find the machinery account,accumulated depreciation accont and disposal account as at 31.12.2013
Which of the following is a financing activity?
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you have just landed at temporary assignment at a small retail company in your area. the accountant who had completed
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mondesto company has the subsequentunsecured creditors 243000liabilities with priority 123000secured liabilitiesdebt 1
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The following transactions were selected from among those completed by Bear's Retail Store in 2010: Assuming that Sales Returns and Sales Discounts are reported as contra-revenues, compute Net Sales for the two months ended December 31, 2010.
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