Cost of the asset$100,000
Life of the asset 5 years
Depreciation rate20%
Capital cost allowance rate 50%
Residual value of the asset nil
Income tax rate 50%
-The fourth step in the bookkeeping process is to transfer the amounts recorded in the journals into
_________________________ which also called the books of final entry.

Question

Cost of the asset$100,000 
Life of the asset 5 years 
Depreciation rate20% 
Capital cost allowance rate 50% 
Residual value of the asset nil 
Income tax rate 50%
-The fourth step in the bookkeeping process is to transfer the amounts recorded in the journals into
 _________________________ which also called the books of final entry.

Quizplus · Accepted Answer

The Answer of Cost of the asset$100,000 
Life of the asset 5 years 
Depreciation rate20% 
Capital cost allowance rate 50% 
Residual value of the asset nil 
Income tax rate 50%
-The fourth step in the bookkeeping process is to transfer the amounts recorded in the journals into
 _________________________ which also called the books of final entry.

Cost of the Asset$100,000