An old cooler with a recorded cost of P150,000 and accumulated depreciation of P140,000 was sold for
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Question:
An old cooler with a recorded cost of P150,000 and accumulated depreciation of P140,000 was sold for P4,000. A new cooler with marked price of P200,000 was purchased on February 10, 2021. Freight charge of P3,000 and installation cost of P6,000 were paid:
What is the cost of the new cooler?
Related Book For
Fundamental Accounting Principles Volume 1
ISBN: 9781259259807
15th Canadian Edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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