Asset exchanges Bahrain Corporation follows a policy of a 10% depreciation charge per year on machinery and a 5% depreciation charge per year on buildings. The following transactions occurred in 2014: 
Instructions Prepare all appropriate journal entries for Bahrain Corporation for the above dates.
Definitions:
FCC Control
Regulatory authority exercised by the Federal Communications Commission over electronic communications in the United States, including radio, television, wire, satellite, and cable.
Telecommunications Act
A significant legislative act passed in 1996 in the United States to deregulate the telecommunications industry to foster competition.
Corporation Services
A range of professional services specifically tailored for businesses and corporations, such as legal, financial, and management consulting.
Telecommunications Act
A law enacted by the United States Congress in 1996 aimed at deregulating the broadcasting and telecommunications markets.
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