Question: Uber-Freight Ltd Case Study Statement of Financial Position: Current Assets: $450,000 Non-current Assets: $450,000 Share Capital: $220,000 Retained Earnings: $180,000 Liabilities: $900,000 Total Assets: $900,000

Uber-Freight Ltd Case Study Statement of Financial Position: Current Assets: $450,000 Non-current Assets: $450,000 Share Capital: $220,000 Retained Earnings: $180,000 Liabilities: $900,000 Total Assets: $900,000 Profit Before Tax for the year ended 30 June 20X8: $80,000 Internally Developed Software: Uber-Freight Ltd internally developed software at a cost of $100,000 to monitor its fleet of trucks. The software was installed in June 20X8. The accountant recognized the cost of the software as an expense

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