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A company purchased machinery in 2015 for a sum of RO 90,000. The retail price index on that date stood at 150. You are required
A company purchased machinery in 2015 for a sum of RO 90,000. The retail price index on that date stood at 150. You are required to restate the value of the machinery according to the CPP method on 31st December 2019 when the price index stood at 200. a. RO 90,000 O b. RO 110,000 O c. RO 100,000 d. RO 120,000
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ACCA Financial Accounting Study Text 2020 21
Authors: Emile Woolf International
1st Edition
1848439210, 978-1848439214
