Kk.6. The cost of purchase of an item of property, plant and equipment was 100000, with straight line depreciation rate 10%, and accumulated depreciation 40000. Required: Please calculate new value of PPE and accumulated depreciation after revaluation given the following scenarios: a. revaluation with factor 2 b. revaluation of PPE to 150 000 c. revaluation of net book value of PPE to 120 000
Kk.6. The cost of purchase of an item of property, plant and equipment was 100000, with straight line depreciation rate 10%, and accumulated depreciation 40000. Required: Please calculate new value of PPE and accumulated depreciation after revaluation given the following scenarios: a. revaluation with factor 2 b. revaluation of PPE to 150 000 c. revaluation of net book value of PPE to 120 000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Kk.6.
The cost of purchase of an item of property, plant and equipment was 100000, with straight line
Required:
Please calculate new value of PPE and accumulated depreciation after revaluation given the following scenarios:
a. revaluation with factor 2
b. revaluation of PPE to 150 000
c. revaluation of net book value of PPE to 120 000
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