Aslam Ismail, living in south London, exchanged his service station, acquired for 480,000 and written down to
Question:
Aslam Ismail, living in south London, exchanged his service station, acquired for £480,000 and written down to £284,000, for another (nearer his residence) with a market value of £275,000. At what value should Aslam report the service station nearer his residence?
Transcribed Image Text:
a £79,000 b £480,000 c £275,000 d £284,000
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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