Accounting for IGCSE & O level - Accounting Procedures (Section 6 - No. 23)
What information is shown in the statement of financial position?
The original cost of the asset.
The depreciation charge.
The net book value of the asset.
Both the original cost of the asset and the net book value.
Explanation
The statement of financial position shows the original cost, accumulated depreciation and the net book value.
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