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Balance sheet at what amount

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Franco Company uses iGAAP and owns property, plant and equipment with a historical cost of 5,000,000 euros. At December 31, 2009, the company reported a valuation reserve of 8,365,000 euros. At December 31, 2010, the property, plant and equipment was appraised at 5,325,000 euros. The property, plant and equipment will be reported on the December 31, 2010 balance sheet at what amount?

Reference no: EM13156694

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