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Prepare schedule showing the allocation of total cost

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P Company bought some asset from Gray construction. Which was disposing of its road construction division. The assets purchased and their appraisal values are given below.

Asset                           Appraisal Value

Bulldozers Birr                50,000

Dump Truck                   100,000

Scrapers                      150,000

Excavators                   300,000

Total Birr                       600,000

Required:-

Question 1: Assuming that P Company paid birr 500,000 for all assets acquired, help me to prepare schedule showing the allocation of total cost among the asset acquired

Reference no: EM132589354

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