Question
A company acquires three assets, namely Drilling equipment.............$1,225,336 Generators...........................$555,999 Mowing machines....valued at $451,222. Each asset is disposed off at 19.5% of the cost after 8
A company acquires three assets, namely
- Drilling equipment.............$1,225,336
- Generators...........................$555,999
- Mowing machines....valued at $451,222.
Each asset is disposed off at 19.5% of the cost after 8 years, with residual value of
i. zero. ii 100k, 114k and 11k , respectively
is the disposal profitable or not.
state all assumptions made.
Assumed
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Payroll Accounting 2016
Authors: Bernard J. Bieg, Judith Toland
26th edition
978-1305665910, 1305665910, 1337072648, 978-1337072649
