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Business, 16.07.2019 05:10 VeIocity

Surat limited paid cash to acquire an aircraft on january 1, 2017, at a cost of 31,500,000 rupees. the aircraft has an estimated useful life of 50 years and no salvage value. the company has determined that the aircraft is composed of three significant components with the following original costs (in rupees) and estimated useful lives: component cost useful life fuselage 11,100,000 50 years engines 15,300,000 40 years interior 5,100,000 30 years 31,500,000 the u. s. parent of surat does not depreciate assets on a component basis, but instead depreciates assets over their estimated useful life as a whole.

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Surat limited paid cash to acquire an aircraft on january 1, 2017, at a cost of 31,500,000 rupees. t...
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