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Question of the Week - Financial Reporting and Analysis

AdaptPrepAdaptPrep Des Moines, IA, USAPosts: 211 Sr Associate
edited August 2015 in Level 1 Questions
A company had equipment worth $50 million on 1 January. During the year, they purchased equipment for $10 million. On 31 December, the equipment account showed $40 million. All figures are shown at cost, before depreciation. The amount of equipment sold during the end of the year, at cost, would be closest to:

Question of the Week - Financial Reporting and Analysis 37 votes

$0
8%
prem1619JLC007mansoor08 3 votes
$20 million
86%
ZeeensenmasonAdaptPreprsparksThomasWCFAI_wont_stop_meYeshankArsenalFanmarkymarknfonsecaarhelpaYannickTCh.MinistryTipzendaidaiwangmikestormKubaecoffey123SleVinBGRAZINI 32 votes
$40 million
5%
keerthanantmniall 2 votes

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