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What is the cost of the new cooler

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Question

An old cooler with a recorded cost of P150,000 and accumulated depreciation of P140,000 was sold for P4,000. A new cooler with marked price of P200,000 was purchased on February 10, 2021. Freight charge of P3,000 and installation cost of P6,000 were paid:

What is the cost of the new cooler?

Reference no: EM132971857

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