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Associate sells plant to group after year end. Plant had cost of 10mil. Was not depriciated for the year before sale. Plant has 5 yrs remaining.Thus depriciation of 2mil.What I do not understand is why the other 8mil was added back to PPE.Year end is October 2005 and the said sale was November 2005. I need a better understanding. HELP HELP.
Please P2 tutor I need some live chat sessions. My head is in a spin and only you
can help. This piecemeal acquisition has me in a bad way. Only you can give me some clearance. Thank you sir.
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