Question 27 Not yet answered THE FOLLOWING INFORMATION RELTES TO TIVOLI COMPANY TIVOLI COMPANY report the...

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Question 27 Not yet answered THE FOLLOWING INFORMATION RELTES TO TIVOLI COMPANY TIVOLI COMPANY report the following balances in their Statements of Financial Position at the end of 2019 and 2018 respectively. Marked out of 100 Flag question 2019 2018 Property, Plant and Equipment (PPE) at Cost $940 $600 Accumulated Depreciation on PPE ($155) (sno) PPE at Cost less Accumulated Depreciation Intangible Assets at Cost $785 $490 $600 $740 Additional Information: (1) PPE with a cost of $220 and Accumulated Depreciation of $20 was sold during 2019 for $300 cash. (2) Amortization on Intangible Assets was $80 for 2019 (3) Intangible Assets were sold during the year for $300. These intangible Assets had a carrying value (ie. carrying amount) at the date of sale of $400. (4) All purchases of PPE and Intangible Assets are for Cash (5) Net income for 2019 was $700 MCQ TWENTY SEVEN What was the Cost of Intangible Purchased during 2019? (note: assume intangible Assets were all sold at cost)? Select one: O a. None of these answers O b. $275 O c. $190 O d. $320 O e. $220 Question 27 Not yet answered THE FOLLOWING INFORMATION RELTES TO TIVOLI COMPANY TIVOLI COMPANY report the following balances in their Statements of Financial Position at the end of 2019 and 2018 respectively. Marked out of 100 Flag question 2019 2018 Property, Plant and Equipment (PPE) at Cost $940 $600 Accumulated Depreciation on PPE ($155) (sno) PPE at Cost less Accumulated Depreciation Intangible Assets at Cost $785 $490 $600 $740 Additional Information: (1) PPE with a cost of $220 and Accumulated Depreciation of $20 was sold during 2019 for $300 cash. (2) Amortization on Intangible Assets was $80 for 2019 (3) Intangible Assets were sold during the year for $300. These intangible Assets had a carrying value (ie. carrying amount) at the date of sale of $400. (4) All purchases of PPE and Intangible Assets are for Cash (5) Net income for 2019 was $700 MCQ TWENTY SEVEN What was the Cost of Intangible Purchased during 2019? (note: assume intangible Assets were all sold at cost)? Select one: O a. None of these answers O b. $275 O c. $190 O d. $320 O e. $220