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Harrison Harrison
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Posts: 626
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6 years ago
Victory Stables purchased new equipment for their barn on January 1, 2012. The new equipment had a cost of $100,000, estimated salvage of $20,000 and an expected useful life of 10 years. On January 1, 2013 the equipment is not working out to be as durable as first thought so management has now revised its useful life down to 5 years. Prepare the journal entry for the December 31, 2013 amortization.
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Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
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TheSinTheSin
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Posts: 380
6 years ago
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Harrison Author
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6 years ago
this is exactly what I needed
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Yesterday
Good timing, thanks!
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2 hours ago
Brilliant
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