X Limited provided the following information relating to its non-current assets at 1 January 2021. Plant and Machinery $ 400 000 Motor Vehicle $ 60000 Building $ Cost 600 000 Accumulated depreciation 150 000 24000 Net book value 450 000 36000 The following transactions took place during the year ended 31 December 2021. 160000 240000
X Limited provided the following information relating to its non-current assets at 1 January 2021. Plant and Machinery $ 400 000 Motor Vehicle $ 60000 Building $ Cost 600 000 Accumulated depreciation 150 000 24000 Net book value 450 000 36000 The following transactions took place during the year ended 31 December 2021. 160000 240000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Explain to what extent the value of the diesel lorry is to be imparied. Support your answer with calculations.
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