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Unformatted text preview: 2. Pollution control equipment was not expense it increases the life time of the building. If he considers this an expense it will reduce his net income. If he has a choice he could choice the way that is more suitable for his company. If it is public limited company then he would capitalized it to show the share holders less expenses. If it is a single owners company then he would consider it expense to reduce the income tax and net income.\ 3. Net book value= 364,000 <14,000> <12,600> 42,000 < 31,500>--------------<376,250> 392,000-----------Gain 15,750...
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This note was uploaded on 10/19/2011 for the course ACCT 2241 taught by Professor Cumming during the Spring '11 term at Dalhousie.
- Spring '11