The NET Company bought house 5 years ago. The purchase price reached CZK 40 million. It also had to pay real estate broker commission of 5% from the purchase price and the tax connected to the purchase of the house in the value CZK 2 mil. . Before the usage of the house the company bought new equipment into this building (tables, chairs, computers) in the value of CZK 5 mil. ACcumulated depreciation of the house reaches CZK 10 million. Specify the value of the house, which is reported in the balance sheet. (provide the number in milions using one decimal place i.f. for example write 100.1 instead of 100 100 000) Answer:

The NET Company bought house 5 years ago. The purchase price reached CZK 40 million. It also had to pay real estate broker commission of 5% from the purchase price and the tax connected to the purchase of the house in the value CZK 2 mil. . Before the usage of the house the company bought new equipment into this building (tables, chairs, computers) in the value of CZK 5 mil. ACcumulated depreciation of the house reaches CZK 10 million. Specify the value of the house, which is reported in the balance sheet. (provide the number in milions using one decimal place i.f. for example write 100.1 instead of 100 100 000) Answer:

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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