Question
A fixed asset originally acquired for Rs. 20,000 is to be replaced by new one. Theestimated cost of replacement of the original asset is Rs.
A fixed asset originally acquired for Rs. 20,000 is to be replaced by new one. Theestimated cost of replacement of the original asset is Rs. 30,000. Hence, therevenue charge equals (i) Rs. 20,000(ii) Rs. 10,000(iii)Rs. 30,000.
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Cambridge IGCSE And O Level Accounting Coursebook
Authors: Catherine Coucom
2nd Edition
1316502775, 978-1316502778
