Question

In the 01 July 2016, Samsung Ltd acquired the machine A by $1,502,000. Estimated useful life is 10 years, estimated residual value is $2,000. Company uses straight-line method for depreciation. From 2019, Samsung Ltd measure the machine A by the revaluation model. At 30 June 2019, machine A was revalued to $ 1,400,000. After one year, at 30 June 2020, machine A was revalued to $1,000,000. At 30 June 2021, machine A was revalued to $1,500,000. Required: Prepare the journal entries from 01 July 2016 to 30 June 2021. (using both method for revaluation)

Answer 1

This is an example I'm using to see if the title that comes next is a subheading or not. Let's try it out.

This is the title that we're going to examine

As you can see, it is significantly bigger than the rest of the text.

This is a sentence in bold.

As you can see, it is not as big as the previous sentence in bold.