(b) On 1 January 2017 a new piece of equipment was purchased at a cost of $8,000$4,000...
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(b) On 1 January 2017 a new piece of equipment was purchased at a cost of $8,000—$4,000 was paid in cash and the rest was satisfied by part exchange of a piece of equipment which had cost $5,000 and which had been depreciated by $2,500 by 31 March 2016. Depreciation on equipment is provided at 10% per annum straight line.
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Accounting For Business Students
ISBN: 9781488616570
1st Edition
Authors: Peter Atrill, Eddie Mclaney, David Harvey
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