The non-current assets of a business were reported at a written-down value of 548,000 at the year-end
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The non-current assets of a business were reported at a written-down value of £548,000 at the year-end and at £472,400 a year prior to it. Depreciation in the year was £51,600. Assets costing £60,000, written down to £21,200, had been sold in the year for £18,000. Identify cost of assets acquired in the year.
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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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