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13 September, 15:53

A company is planning to invest in an asset which costs $50,000. the shipping and installation charges will be $10,000 and additional $5000 will be required to modify the equipment. the project will require an initial increase in net working capital equal to $7000. what is the depreciable basis of the asset

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  1. 13 September, 17:20
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    28000 is the correct answer
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