A company bought an asset for 35,000. The invoice included a delivery charge of 2,000, 560 for
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Question:
A company bought an asset for £35,000. The invoice included a delivery charge of £2,000, £560 for spare parts and £2,500 for a service contract. What value was capitalized?
A). £37,560
B). £35,000
C). £37,000
D). £40,060
Related Book For
Introduction to Financial Accounting
ISBN: 978-0133251036
11th edition
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick
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