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• Olivia Company was installing new equipment at its production facility and incurred the following costs: Cash price of the equipment, VAT inclusive of 12% Initial delivery and handling cost Cost of site preparation Consultant used for advance on the acquisition of equipment Interest charges paid to supplier for deferred credit Estimated dismantling cost that may be incurred upon retirement Operating losses before commercial production 2,800,000 200,000 600,000 700,000 200,000 300,000 400,000

• Olivia Company was installing new equipment at its production facility and incurred the following costs: Cash price of the equipment, VAT inclusive of 12% Initial delivery and handling cost Cost of site preparation Consultant used for advance on the acquisition of equipment Interest charges paid to supplier for deferred credit Estimated dismantling cost that may be incurred upon retirement Operating losses before commercial production 2,800,000 200,000 600,000 700,000 200,000 300,000 400,000

FINANCIAL ACCOUNTING
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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Plz don't copy answer without plagiarism please i humble request plz little different answers 

• Olivia Company was installing new equipment at its production facility and incurred the following costs: Cash price of the equipment, VAT inclusive of 12% Initial delivery and handling cost Cost of site preparation Consultant used for advance on the acquisition of equipment Interest charges paid to supplier for deferred credit Estimated dismantling cost that may be incurred upon retirement Operating losses before commercial production 4,300,000 4,000,000 4,200,000 3,300,000 2,800,000 200,000 600,000 700,000 200,000 300,000 400,000
Transcribed Image Text:• Olivia Company was installing new equipment at its production facility and incurred the following costs: Cash price of the equipment, VAT inclusive of 12% Initial delivery and handling cost Cost of site preparation Consultant used for advance on the acquisition of equipment Interest charges paid to supplier for deferred credit Estimated dismantling cost that may be incurred upon retirement Operating losses before commercial production 4,300,000 4,000,000 4,200,000 3,300,000 2,800,000 200,000 600,000 700,000 200,000 300,000 400,000
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