se the following information to answer the question below 01.01.21 31.12.21 31.12.21 RC=MV Replacement Cost (RC) *Market Value (MV) Inventory 100,000 280,000 220949 Investments 200,000
se the following information to answer the question below 01.01.21 31.12.21 31.12.21
RC=MV Replacement Cost (RC) *Market Value (MV) Inventory 100,000 280,000 220949 Investments 200,000 260,000 252721 Equipment 300,000 360,000 347916 Capital 150,000 N.A. N.A. Goodwill 50,000 0 0*Market Value = Selling Price
Required: Using Exit Price accounting, calculate: The value of total assets as at 31 December, 2021
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Authors: Wensheng Peng, Chang Shu
2nd Edition
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