The company « PERFUME-GLOBE »> is specialized in manufacturing and selling luxury perfumes. The company provided you with the following items pertaining to its property. plant, and equipment section in the 2023 balance sheet. Elements of Acquisition Salvage Acquisition Depreciation Useful PPE Cost value date method life BMW Serie 5 500 000 50 000 ? Fiat Cars Ducato? Maxi Ford Focus 25 000 07/27/2021 Straight-line 5 Straight-line years 255,000 Double- 240 000 40 000 04/16/2023 declining- balance What is the acquisition cost of Fiat Ducato Maxi? 5 years Accumulated depreciation - beginning Comm 5 years balance of 2023 105 000 Sold or 06/22, for 225
The company « PERFUME-GLOBE »> is specialized in manufacturing and selling luxury perfumes. The company provided you with the following items pertaining to its property. plant, and equipment section in the 2023 balance sheet. Elements of Acquisition Salvage Acquisition Depreciation Useful PPE Cost value date method life BMW Serie 5 500 000 50 000 ? Fiat Cars Ducato? Maxi Ford Focus 25 000 07/27/2021 Straight-line 5 Straight-line years 255,000 Double- 240 000 40 000 04/16/2023 declining- balance What is the acquisition cost of Fiat Ducato Maxi? 5 years Accumulated depreciation - beginning Comm 5 years balance of 2023 105 000 Sold or 06/22, for 225
Chapter1: Financial Statements And Business Decisions
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The company << PERFUME-GLOBE »> is specialized in manufacturing and selling luxury perfumes. The company provided you with the following items pertaining to its property, plant, and equipment section in the 2023
Transcribed Image Text:The company « PERFUME-GLOBE » is specialized in manufacturing and selling luxury
perfumes. The company provided you with the following items pertaining to its property,
plant, and equipment section in the 2023 balance sheet.
Elements of Acquisition Salvage Acquisition Depreciation Useful
life
PPE
Cost
value date
method
BMW
Serie 5
500 000
Fiat
Cars Ducato?
Maxi
Ford
Focus
50 000 ?
5
Straight-line years 255,000
25 000 07/27/2021 Straight-line
Double-
240 000 40 000 04/16/2023 declining-
balance
What is the acquisition cost of Fiat Ducato Maxi?
5
years
Accumulated
depreciation
- beginning Comm
balance of
2023
5
years
105 000
?
Sold or
06/22,
for 225
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