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Mark buys equipment second hand for £20,000 when it would have

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June 8th, 2024

Mark buys equipment second hand for £20,000 when it would have cost him £28,000 if he had bought new equipment. Mark should record the equipment in the financial statements at the amount of £28,000a)Trueb)FalseMark bought a fridge for the amount of £300 for his personal use. Mark should include the fridge at a cost of £300 in the financial statements.a)Trueb)False

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