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On January 1, 2018 ALTA S

Accounting

On January 1, 2018 ALTA S.A. acquires a machinery from BAJA S.A. in exchange for a note that does not accrue interest for a value of ¢ 900,000, whose maturity date is December 31, 2020. The fair value of the machinery is

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1)- AMORTIZTION TABLE

Taking the rate of depreciation as 15% on machinery and with respect to Straight Line method the rate of depreciation comes as 6.33%.

Date

Interest

Principal

Balance

Jan, 2018

$4,748

$35,275

$864,725

Feb, 2018

$4,561

$35,461

$829,264

Mar, 2018

$4,374

$35,648

$793,616

Apr, 2018

$4,186

$35,836

$757,780

May, 2018

$3,997

$36,025

$721,754

Jun, 2018

$3,807

$36,215

$685,539

Jul, 2018

$3,616

$36,406

$649,133

Aug, 2018

$3,424

$36,598

$612,534

Sep, 2018

$3,231

$36,791

$575,743

Oct, 2018

$3,037

$36,985

$538,758

Nov, 2018

$2,842

$37,181

$501,577

Dec, 2018

$2,646

$37,377

$464,200

2018

$44,470

$435,800

$464,200

Jan, 2019

$2,449

$37,574

$426,626

Feb, 2019

$2,250

$37,772

$388,854

Mar, 2019

$2,051

$37,971

$350,883

Apr, 2019

$1,851

$38,172

$312,712

May, 2019

$1,650

$38,373

$274,339

Jun, 2019

$1,447

$38,575

$235,763

Jul, 2019

$1,244

$38,779

$196,984

Aug, 2019

$1,039

$38,983

$158,001

Sep, 2019

$833

$39,189

$118,812

Oct, 2019

$627

$39,396

$79,416

Nov, 2019

$419

$39,604

$39,812

Dec, 2019

$210

$39,812

$0

2019

$16,070

$464,200

$0