Total purchases, credit purchases and payment to creditors
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Total purchases, credit purchases and payment to creditors

3. From the given information


Calculate:

a. Total purchases, credit purchases and payment to creditors

b. Define the term Net book value, Accumulated depreciation calculate the net book value and cash proceeds from sale of investment

Hint
Accounts & FinanceNet book value is the amount at which the organization records an asset in their accounting records. It is calculated as the original cost of the asset, minus any of the accumulated depreciation, accumulated amortization, accumulated depletion, and the accumulated impairment....
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