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A company constructed a production asset on January 1, 2020. A molder accounts for 20% of the asset's capitalised cost, while an assembly line accounts

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A company constructed a production asset on January 1, 2020. A molder accounts for 20% of the asset's capitalised cost, while an assembly line accounts for the remainder. Depreciation is charged on a straight line basis. You are given the following information: Construction cost Direct cost Overheads Smil 70 80 Notes Typical for a project of this type 25% of the overheads is not considered reasonable Expected useful life (vears) Residual value (5 millions) Assembly line 10 4 Molder 2 6 Based on the details provided, determine the carrying value of the asset at the end of 2020. Select one: a. $155 million b. $110 million G c. $126 million c d. $130 million

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