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The final paper will be based on Appendix 6C Illustrative Audit Case- (3).docx
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The following information is for X Company for the year- What was dep.docx
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The following information is for X Company for the year: What was depreciation expense for the year? Solution Answer : .
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The following information is for X Company for the year- What was dep.docx
- The following information is for X Company for the year: What was depreciation expense for the year? Equipment, January 1 $11,250 Equipment, December 31 10,200 Cost of equipment sold 7,150 Purchase of equipment 7,249 Solution Answer : Equipment balance - opening $11,250 Purchase of equipment $7,249 Less : Cost of equipments sold $7,150 Less : Equipments balnaced - closing $7,249 Depreciation Expenses $4,100