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At what value should OneSpice report value of the machine

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Question - Historical Cost Concept - OneSpice Trading Company purchased a spice-processing machinery for 2,00,000. Over the years, the fair market value of the same machine has reduced to 1,50,000. As per the historical cost principle, at what value should OneSpice report the value of the machine in its books of accounts?

Reference no: EM132950775

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