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Advanced Placement (AP), 17.06.2020 11:58 shyann78

Lomani Ltd acquired two new machines for cash on 1 January 2017. The cost of machine A was $400 000, plus GST, and of machine B, $600 000, plus GST. Each
machine was expected to have a useful life of 10 years, and residual values were
estimated at $20 000 for machine A and $50 000 for machine B.

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Lomani Ltd acquired two new machines for cash on 1 January 2017. The cost of machine A was $400 000...
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