Branch / A: A company borrowed anamount of (500) million Iraqi dinars forthe purchase of equipment, and a periodof (8) years estimated the value of therecovery (50) million dinars. Find usingthe method percentage 1- Extinction inthe third year 2- The cumulativeextinction at the end of the fifth year. 3-Book value at the end of the fifth year 4-The book value at the end of the usefullife (the period of use). 5- The value ofthe book value in (4) statement of thevalue of the recoverable amount.

Name: Branch / A: A company borrowed anamount of (500) million Iraqi dinars
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Description: Branch / A: A company borrowed anamount of (500) million Iraqi dinars forthe purchase of equipment, and a periodof (8) years estimated the value of therecovery (50) million dinars. Find usingthe method percentage 1- Extinction inthe third year 2- Th

Explanation of Concept:- Equipment is the fixed assets which is been used as per the life pre…

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nount of (500) million Iraqi dinars for e purchase of equipment, and a period (8) years estimated the value of the covery (50) million dinars. Find using e method percentage 1- Extinction in e thirdve The ulotiu

nount of (500) million Iraqi dinars for e purchase of equipment, and a period (8) years estimated the value of the covery (50) million dinars. Find using e method percentage 1- Extinction in e thirdve The ulotiu

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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