The University of Anbar purchased equipment for the purposes of the reconstruction campaign at an amount of (800) million Iraqi dinars, and the period of use was estimated at (8) years, if the recoverable value was (200) million dinars. Find, using the fixed ratio method, 1 - extinction in the third year. 2 - accumulated extinction at the end of the fifth year. 3- Book value at the end of the fifth year

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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The University of Anbar purchased equipment for the purposes of the reconstruction campaign at an amount of (800) million Iraqi dinars, and the period of use was estimated at (8) years, if the recoverable value was (200) million dinars. Find, using the fixed ratio method, 1 - extinction in the third year. 2 - accumulated extinction at the end of the fifth year. 3- Book value at the end of the fifth year. 4- Book value at the end of the useful life (period of use). 5- An indication of what the book value means in (4) above in comparison with the recovered value.
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