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What is the value of the equipment for depreciation purposes

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A mining project requires the purchase of new drilling equipment at a cost of $73250. A further $27000 will be spent on transport, installation and initial maintenance of the equipment, at the very beginning of the project. Of this amount, 20% constitutes maintenance costs and will be written off in Year 1, and the remainder will be capitalised.

What is the value of the equipment for depreciation purposes?

Reference no: EM132386445

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