Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company has purchase a large item of plant. the

A company has purchase a large item of plant. The following are the cost incurred...

60.1K

Verified Solution

Question

Accounting

image
A company has purchase a large item of plant. The following are the cost incurred The foll The test run cost was to ensure that the asset was installed and working correctly. Items of inventory were produced during the test run. These had a sale value of GHS 10,000 . Local government officials have granted the company a license to operate the asset on the condition that the company will remove the asset and return the site to its former condition at the end of the assets life. The company has recognized a liability of GHS250,000 in respect of the expected clearance cost. What is the cost of the asset

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Question 1: A solution of F– is prepared by dissolving 0.0712 ± 0.0005 g of NaF...

Chemistry
Q

the role of the Christian worldview in the application of research ethics in the field of...

Psychology
Q

The cytoplasm (Select all that apply)is a viscous gel-like solution that slows rate of diffusion...

Biology
Q

T F I studied so hard for this course I more than deserve an A...

Biology
Q

2 An alternating current generator has an internal resistance R and an internal reactance X...

Physics
Q

4 A circular loop is lying inside a magnetic field B as shown in figure...

Physics
Q

Ryan Plastics has a target debt to equity ratio of 0 25 Its cost of...

Basic Math
Q

Simplify the following trigonometric expression tan x cos x csc x 01 cot x O...

Calculus
Q

Esquire Inc. uses the LIFO method to report its inventory. Inventory at January 1, 2021,...

Accounting
Q

Si un negocio no se vende ni se cierra, los montos informados en las cuentas...

Accounting
Q

Cascade Company was started on January 1, 2018, when it acquired $159,000 cash from the...

Accounting
Q

bonita companies financial statement. Hereare comparative financial statement...

Accounting