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What will be the cost of the car under non current assets

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Problem 1: Chan bought a second-hand car for $12,500. The original cost of the car was $18,000. Two years after buying the car Chan put new tyres on at a cost of $3,000. What will be the cost of the car under Non Current Assets when he decides to sell it.

Select one:

a. $21,000
b. $18,000
c. $15,500
d. $12,500

Reference no: EM133002885

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