(5 Marks) Question 1: Depreciation On 1 January 2017, machinery was purchased at a total cost of K 120 000. The estimated useful life of the machinery was 4 years with an estimated residual value of K 10000. The company followed straight-line depreciation. The entity's reporting period ends on 31 December. Required a. Calculate the annual depreciation using the straight line method.
b. Prepare journal entries and show machinery account for the period 2017 – 2020.​

answer; (identity theft);

your just wasting your lol

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.