Question
The balance in equipment was 100 000 on the 1 Jan 2020.the following transaction is expected to take place Equipment cost 30 000 , Accumalated
The balance in equipment was 100 000 on the 1 Jan 2020.the following transaction is expected to take place
Equipment cost 30 000 , Accumalated Dep 24 000,is planned to be sold for 5000.
New equipment cost price of 50000 will be purchased to replace it
Total depreciation for the year is estimated 25000
The value of the equipment in the proforma statement financial position will be as at 31 December 2020
Options
120 000
119 000
95 000
None of the above
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The Official IRS Tax Guide To Auditing Horse Activities Prepare Your Horse Operation To Withstand An IRS Audit Using The Samw Manual IRS Agents Use
Authors: IRS
1st Edition
092934670X, 978-0929346700
