A damaged article held at the end of a financial year cost $40; after repairs costing $14

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A damaged article held at the end of a financial year cost $40; after repairs costing $14 it can be sold for $55. What is the value of the article for inventory purposes?

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Cambridge International AS And A Level Accounting

ISBN: 9781444181432

1st Edition

Authors: Ian Harrison

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Question Posted: Aug 23, 2023 02:22 PM

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A damaged article held at the end of a financial year cost $40; after repairs costing $14

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Cambridge International AS And A Level Accounting

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