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WeBuy Ltd is expanding their business and purchased Second hand computers from family and friends of the business. This allowed growing the business at a

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WeBuy Ltd is expanding their business and purchased Second hand computers from family and friends of the business. This allowed growing the business at a much lower cost. At present they owe family and friends $15,000 for computers purchased at a total cost of $20,000 Applying the 2020 Conceptual Framework, briefly explain if there is an asset in the balance sheet for this? If there is, briefly explain why there is an asset. A- % 3 I MOD

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