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Question: money ltd acquired equipment on 1st july 2021 at 105000the...

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Money Ltd acquired equipment on 1st july 2021 at $105,000.The equipment is depreciated using straight-line method and subsequently measured using the revulation model. Money Ltd expect to have 7 years useful line and zero  residual value.                                         The information bellow is avilable regarding the equipment  in the following period.                                 Date 30 June 2023                         Fair value $85,000                          cost to sell $2000                                value in use $90,000                           Date 30 June 2025                          Fair value $45,000                           cost to sell $ 3000                        value in use $40,000                           Requirements:assuming indicates  of impairmen exist on the date above , please prepare the general journal entry to account for the equipment of following dates              a.30 June 2023                                     b.30 June 2025

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