A plant was installed by paying 3,00,000 to a vendor. For this purpose, the company incurred pre-commissioning

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A plant was installed by paying 3,00,000 to a vendor. For this purpose, the company incurred pre-commissioning expenses of 75,000, of which 60% could have been avoided had this plant not been installed. The initially recognized value of plant is

(a) 3,75,000

(b) 3,45,000

(c) 3,30,000

(d) 3,60,000

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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

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Question Posted: Dec 16, 2023 11:50 PM

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A plant was installed by paying 3,00,000 to a vendor. For this purpose, the company incurred pre-commissioning

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Financial Accounting

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