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A company has purchased the following non current assets from foreign suppliers. 1 January 20x7 $1000 1 January 20x9 $ 600 There have been no
A company has purchased the following non current assets from foreign suppliers. 1 January 20x7 $1000 1 January 20x9 $ 600 There have been no disposal and the company depreciates non current asset on a straight line basis over an estimated useful life of 5years.Exchange rates were follows: 1 January 20x7 1:1.25 1 January 20x9 1:1.50 31 December 20x9 1:1.40 What will be the carrying amount of non current asset in the statement of financial position at 31 December 20x9?
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