A company purchased 10 computers with the total cost of £30,000 for its editing offices. An operating system, specific to publishing requirements, was purchased separately at a cost of £700 per system. The computer cannot function effectively without the operating system. How should the computers and the operating systems be recognized on the SOFP?

Answer rating: 100% (QA)

On the Statement of Financial Position SOFP also known as the Balance Sheet you should recognize the ... View the full answer