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Task #1 - PP&E: On Jan 1, 2024 VN Inc. (VNI) purchased a new Bitcoin Mining Technology computer. The computer costed $130,000 to purchase and
Task #1 - PP&E: On Jan 1, 2024 VN Inc. (VNI) purchased a new Bitcoin Mining Technology computer. The computer costed $130,000 to purchase and it was purchased with cash. The computer will have a useful life that is based upon the hours it is operated. Based upon the manufacturer the computer will last 26,000 hours and at that time the technology will be outdated. VNI has done some estimates and has come up with the following usage: Year Actual % of Total Average Hours Hours Per Day 2024 7,920 33.00% 21.70 2025 8,640 36.00% 23.67 2026 7,440 31.00% 20.38 Total 24,000 100.00% VNI knows they cant run the computer for
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Survey of Accounting
Authors: Edmonds, old, Mcnair, Tsay
2nd edition
9780077392659, 978-0-07-73417, 77392655, 0-07-734177-5, 73379557, 978-0073379555
