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What is cost of forklift for financial accounting purposes

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Reference no: EM132647115

Question 1) On April 1, Year 1, Ismail Berhad purchased a forklift by paying RM 15,000 at the beginning of each of the next 12 calendar quarters. What is the cost of the forklift for financial accounting purposes if the rate of interest agreed upon was 16% compounded quarterly?

Reference no: EM132647115

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