Question
Carrying values($) Tax bases($) Assets Cash 60 000 60 000 Accounts receivable (net) 50 000 60 000 Prepaid insurance 20 000 Inventory 80 000 80
Carrying values($)
Tax bases($)
Assets
Cash
60 000
60 000
Accounts receivable (net)
50 000
60 000
Prepaid insurance
20 000
Inventory
80 000
80 000
Plantnet
450 000
400 000
Land
600 000
400 000
1 260 000
1 000 000
Liabilities
Accounts payable
60 000
60 000
Provision for long-service leave
30 000
Provision for warranty
40 000
Loan payable
400 000
400 000
530 000
460 000
Net assets
730 000
540 000
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Investing In Financial Research A Decision Making System For Better Results
Authors: Cheryl Strauss Einhorn, Tony Blair
1st Edition
1501732757, 9781501732751
