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Dear Sir,
Greetings of the day!
I have a question on the above topic mentioned.
Suppose, in 3 years back a company bought 4 desktops for a cost of each US$ 450.00. However, the company wants to handover all 4 desktops to the insurance company so as the insurance to pay the company. How would the insurance company calculate the estimated cost and cost per unit to date?
Thank you for your help and kind regards,
Minhaal.I have no idea how the insurance company would value them – that would be entirely up to negotiation between the company and the insurance company. There are certainly no accounting rules!
It really has nothing to do with Paper F3 (and would be an extremely strange thing to do in real life!).
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