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Find what is the value of asset for depreciation purposes

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Reference no: EM132726400

A project requires the purchase of new equipment at a cost of $18,000, which will be depreciated over the life of the asset. A further $5000 spent on transport and installation will be added to the purchase price of the equipment for depreciation purposes, and $1000 will be spent on advertising and other operating expenditure to get the project up and running.

Problem 1:  What is the value of the asset for depreciation purposes?

Select one:

a. $24,000
b. $19,000
c. $23,000
d. $18,000

Reference no: EM132726400

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