Question 4.3 On 1 January, 2020 a limousine was purchased by Tido's luxury...
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Accounting
Question On January, a limousine was purchased by Tido's luxury hotel at an acquisition cost of Tido depreciates the limousine using the straight line method over a fouryear service life, and the limousine is expected to have a residual value of The company's fiscal year ends on December. Prepare a journal entry to record the disposal of the limousine assuming it was scrapped on the st of January and that it was sold for on the st of July Prepare the journal entry for the sale of the limousine
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On January, a limousine was purchased by Tido's luxury hotel at an acquisition cost of Tido depreciates the limousine using the straight line method over a fouryear service life, and the limousine is expected to have a residual value of The company's fiscal year ends on December.
Prepare a journal entry to record the disposal of the limousine assuming it was scrapped on the st of January and that it was sold for on the st of July
Prepare the journal entry for the sale of the limousine
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