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ACC201 Australian Accounting Standards Analysis Assignment Sample

Financial Accounting - Solution 1 As per case study the Sea Eagle Ltd has not used its Machine and Equipment due to strike and now Accountant has suggested not to charge Depreciation for the period giving an explanation Depreciation is charged for the wear and tear caused and as there is no wear and tear during this period so it should not be charged, but as per AASB116 (Anon., 2016) , Asset Depreciation should start when it is put to use…

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