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A company uses straight-line depreciation on its fixed assets. Depreciation of fixed assets this year four was NOK 150,000. Life expectancy for the fixed asset
A company uses straight-line depreciation on its fixed assets. Depreciation of fixed assets this year four was NOK 150,000. Life expectancy for the fixed asset is 15 years and the estimated residual value is NOK 300,000 ex VAT. What was the fixed asset cost price including VAT?
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