Virko PLC buys a new computer system for 180,000 on 1st January. It expects the system to

Question:

Virko PLC buys a new computer system for £180,000 on 1st January. It expects the system to last for four years. If the company’s financial year is from 1st January to 31st December, the value of the computer system in Virko’s at 31st December of the same year will be: b) £135,000 Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...