The NET Company bought house 5 years ago. The purchase price reached CZK 40 million. It...

 

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The NET Company bought house 5 years ago. The purchase price reached CZK 40 million. It also had to pay real estate broker commission of 5% from the purchase price and the tax connected to the purchase of the house in the value CZK 2 mil.. Before the usage of the house the company bought new equipment into this building (tables, chairs, computers) in the value of CZK 5 mil. Accumulated depreciation of the house reaches CZK 10 million. Specify the value of the house, which is reported in the balance sheet. (provide the number in milions using one decimal place i.f. for example write 100.1 instead of 100 100 000) Answer: The NET Company bought house 5 years ago. The purchase price reached CZK 40 million. It also had to pay real estate broker commission of 5% from the purchase price and the tax connected to the purchase of the house in the value CZK 2 mil.. Before the usage of the house the company bought new equipment into this building (tables, chairs, computers) in the value of CZK 5 mil. Accumulated depreciation of the house reaches CZK 10 million. Specify the value of the house, which is reported in the balance sheet. (provide the number in milions using one decimal place i.f. for example write 100.1 instead of 100 100 000) Answer:

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Answer An asset is ready to use when the purchase price and all the other expenses rel... View the full answer