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Determine Balance sheet extracts using two methods: Muniu Ltd received a 20 % grant towards the cost of new item of machinery that cost ksh. 100,000 kshs.The machinery her on expected life...

      

Muniu Ltd received a 20 % grant towards the cost of new item of machinery that cost ksh. 100,000 kshs.The machinery her on expected life of 4yrs and nil residual value. The expected profits of the co. before accounting for deprecation of the new machinery amounts to 50,000 p. a in each year of the machinery life

Determine Balance sheet extracts using two methods

  

Answers


Wilfred
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Wilfykil answered the question on February 8, 2019 at 06:43


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