Prepare schedule showing the allocation of total cost

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Question - 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:- 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: EM132607476

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