The beginning of year while there was no sale of fixed


A company has opening balance of $ 10, 00,000 in its fixed asstsaccount. Accumulated depreciation was $6, 00,000. There was anaddition of fixed assets of $5, 00,000 at the beginning of year while there was no sale of fixed asset. Prepare fixed assets schedule if the depreciation is charged for the year @15% onoriginal cost.

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Accounting Basics: The beginning of year while there was no sale of fixed
Reference No:- TGS0598035

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