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If a cash and note are exchanged for a plant asset, is the amount of the note used in the depreciation calculations?

Accounting Cost Accounting Financial Accounting
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Question added by teresah njoki , RECEPTIONIST , Hilton Hotels World Wide
Date Posted: 2017/03/03
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Kandasamy Ravirajasinghe
by Kandasamy Ravirajasinghe , Account & Finance Manager , Bank of Ceylon

Cash and note both have same value in accounting. When asset purchased with both instruments the total purchase value need depreciation calculation.

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