An asset purchased by an IT company on 1 january 20X1 for $280000 and has been depreciated on a straight-line basis by 2
Posted: Wed Jul 06, 2022 6:01 am
- An Asset Purchased By An It Company On 1 January 20x1 For 280000 And Has Been Depreciated On A Straight Line Basis By 2 1 (51.92 KiB) Viewed 13 times
An asset purchased by an IT company on 1 january 20X1 for $280000 and has been depreciated on a straight-line basis by 28000 per annum. The asset is expected to be sold on 31 december 20X6 for 60% of its book value at that date. What is the net cash inflow that will appear in the cash budget for december? a. $28000 b. $112000 c. $168000 d. $67200