MCQs>Finance & Management>General Financial Accounting>J is a service based company . J Bought a piece of real estate for 2000$ to set up their offices, the asset has an appreciation of 4% per annum .If the company pays 1% extra as tax every year for the piece of real estate,What will be the value recorded for the asset on its financial statement after a period of two years?
General Financial Accounting MCQs
J is a service based company . J Bought a piece of real estate for 2000$ to set up their offices, the asset has an appreciation of 4% per annum .If the company pays 1% extra as tax every year for the piece of real estate,What will be the value recorded for the asset on its financial statement after a period of two years?
Answer
Correct Answer: 2000
Explanation:
Note: This Question is unanswered, help us to find answer for this one