Answer to Question #343516 in Financial Math for dinu

Question

A company had closed it books with plant, property and equipment amounting to US$3,500mn for year ending in Dec 2020. The company had revenue of US$5,500mn for the same period. During the quarter ended March 2021 and June 2021 expected to clock a revenue of US$6500mn, and US$7500mn respectively. It has incurred US$550mn towards capital expenditure for the same period. The company is charging depreciation 10% for the asset for the quarter. What would be closing balance of plant property and equipment for June 2021

Answer 1

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