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Can some help me with this question with calculations Test 1 The following items have been extracted from the accounts of a company for the
Can some help me with this question with calculations
Test 1 The following items have been extracted from the accounts of a company for the year ended 31 December 2019: $ Depreciation charge 30,000 Profit on sale of tangible non-current assets 5.000 Proceeds from sale of tangible non-current assets 20.000 Purchase of tangible non-current assets 25,000 If the carrying amount of tangible non-current assets was $110,000 on 31 December 2018, what was it on 31 December 2019? A $70,000 B $80,000 C $85,000 D $90,000Step by Step Solution
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