On 01/04/2019, Perfect Company purchased equipment worth $ 240,000, its useful life is 7 years, and the waste is $ 30,000.
On 12/31/2020, when preparing the financial statements, the following was found
195,000 fair value of the equipment
14,000 estimated costs for disposal of equipment
180,000 value is in use

The company uses the cost model to account for equipment

Required
Registration of the necessary restrictions on 12/31/2020
What is the impact on the statement of financial position on 12/31/2020?

Answer rating: 100% (QA)

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