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Find what the acquisition cost of asset was

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Reference no: EM132737317

Problem 1: If the Sales is P450,000; Net income is P90,000; Cost of Sales is P210,000; Operating expenses is P150,000; How much is Gross profit?

Problem 2: The net book value of the plant asset at the start of the year is P480,000. The depreciation rate is 2% per year. The net book value at the end of the year is P470,000. If there are no additions and disposals of assets, the acquisition cost of asset was

Reference no: EM132737317

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