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d None of the above Michael Smith purchased a vehicle for his business on 1...

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Accounting

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d None of the above Michael Smith purchased a vehicle for his business on 1 January 2016. The vehicle costs entry required for depreciation on 30 June 2016 is a Dr Accumulated depreciation, $5000; Dr Depreciation expense, $5000 b Dr Depreciation expense, $10 000; c Dr Accumulated depreciation, $10 000; Cr Depreciation expense, $10 000 d Dr Depreciation expense, $5000 4$80 000 and had a useful life of six years with an expected residual of $20 000. The adjusting Cr Accumulated depreciation, $10 000 Cr Accumulated depreciation, $5000

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