8.18 Evans Co purchased a machine with an estimated useful life of ten vears for $76,000 on 30 September 20X5. The machine had a residual value of $16,000. What are the ledger entries to record the depreciation charge for the machine in the year ended 30 September 20X8? 000. DEBIT Depreciation charge CREDIT Accumulated depreciation A $6,000 $6,000 B DEBIT Depreciation charge DEBIT Non-current assets $6,000 $12,000 CREDIT Accumulated depreciation $18,000 DEBIT Accumulated depreciation CREDIT Depreciation charge C $6,000 $6,000 D DEBIT Accumulated depreciation $18,000 CREDIT Non-current assets $18,000

8.18 Evans Co purchased a machine with an estimated useful life of ten vears for $76,000 on 30 September 20X5. The machine had a residual value of $16,000. What are the ledger entries to record the depreciation charge for the machine in the year ended 30 September 20X8? 000. DEBIT Depreciation charge CREDIT Accumulated depreciation A $6,000 $6,000 B DEBIT Depreciation charge DEBIT Non-current assets $6,000 $12,000 CREDIT Accumulated depreciation $18,000 DEBIT Accumulated depreciation CREDIT Depreciation charge C $6,000 $6,000 D DEBIT Accumulated depreciation $18,000 CREDIT Non-current assets $18,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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