Prepare a schedule showing the allocation

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Reference no: EM132949931

Question: Company bought some assets from Gray construction, which was disposing of its road construction division. The assets purchased and their appraisal values are given below. Asset Bulldozers Dump Truck Scrapers Excavators Total Appraisal value Birr 50000 100000 300000 150000 Birr 600000

Required: Assuming that P Company paid Birr 500000 for all the assets acquired, prepare a schedule showing the allocation of total cost among the assets acquired.

Reference no: EM132949931

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