Question
In June 2023, Plane Company exchanged an old packaging machine, which had a cost of P1,200,000 and was 50% depreciated, for a non-monetary asset. The
In June 2023, Plane Company exchanged an old packaging machine, which had a cost of P1,200,000 and was 50% depreciated, for a non-monetary asset. The market value of the old packaging machine was determined to be P700,000. What is the cost of the new asset acquired?
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Bookkeeping All In One For Dummies
Authors: Consumer Dummies
1st Edition
1119094216, 978-1119094210
