stcmar010
Aug 30, 2007, 02:46 AM
what journal entry would you process for an item of PPE that was purchased for $100m , payable in five equal instalments(first of which is paid on delivery. assume fair value of 9%and the residual was is not applicable.
and what entries would be required at 30 Sep 2006 (year end) assuming the item was purchased on 31 march 2006.
and what entries would be required at 30 Sep 2006 (year end) assuming the item was purchased on 31 march 2006.