=+vThe net book values in respect of the above cars financed by way of bank loans are
Question:
=+vThe net book values in respect of the above cars financed by way of bank loans are
€18,000 for Car 1 and €14,000 for Car 2 respectively. There are no other motor vehicles in the business.
(ii) Long-term liabilities are made up as follows:
Bank Loans: “
Car 1 €16,000 Car 2 €8,000 Building Loan €35,000 The following additional details are also available:
ay se 8.
Shamrock is to keep his car (Car 1) personally, and also pay off the bank loan thereon personally. (This asset and corresponding liability are not to be taken over by STOUT)
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Related Book For 
International Financial Accounting And Reporting
ISBN: 9780903854726
2nd Edition
Authors: Ciaran Connolly
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