Plant and equipment was purchased on 1 January 2016 for 64,000, when the relevant specific price index

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Plant and equipment was purchased on 1 January 2016 for £64,000, when the relevant specific price index was 80. What is the current cost value of the asset at 31 December 2017 if the index at that date is 120?

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Frank Woods Business Accounting Volume 2

ISBN: 9781292085050

13th Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: Sep 10, 2023 12:25 AM

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Plant and equipment was purchased on 1 January 2016 for 64,000, when the relevant specific price index

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Frank Woods Business Accounting Volume 2

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