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For the month of July, Blackfly Ltd. experienced/recorded the following transactions: received a $6000 cash payment for work performed & billed the previous month. replanted
For the month of July, Blackfly Ltd. experienced/recorded the following transactions: received a $6000 cash payment for work performed & billed the previous month. replanted an area of northern Alberta forest for which it sent out an invoice totaling $35000. At the beginning of the month, the company had $2000 of trees in inventory ready for planting. During the month the company purchased $7000 tress for planting at the end of the month it was left with trees still suitable for planting that originally cost $2500. monthly expenses were: $1500 for office rent; $3500 in misc. expenses; & $2000 utilities Amortization on the truck and office equipment was calculated to be $1500 The income tax rate is 10%. The expected life of the truck and office equipment when purchased new was 4 years, with no residual value and the amortization expense was based on the straight-line model. The original cost of the truck and office equipment was _______________. Question 37 options: none of the listed answers are correct $36000 $6000 $69500 $72000
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