a-) The total expenses incurred for the machine manufactured for use in the enterprise is 20000 TL and all of them have 18 percent value added tax. Payments made by the bank. Make the journal entry. b-) The said machine has been completed and transferred to the related fixed asset account. Make the journal entry

a-) The total expenses incurred for the machine manufactured for use in the enterprise is 20000 TL and all of them have 18 percent value added tax. Payments made by the bank. Make the journal entry. b-) The said machine has been completed and transferred to the related fixed asset account. Make the journal entry

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 5Q: For each of the following transactions, state whether the cost would be capitalized (C) or recorded...

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