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Fixed Assets - EBS (MOSC)

Lease Net book value is showing in negative value

May 16, 2021 4:42AM in Fixed Assets - EBS (MOSC) 1 commentAnswered

The negative NBV is due to the depreciation reserve being greater than the cost:

Present Value: 19,619.71

Cost: 210,384.78

Liability: 0.00

Depreciation Reserve: 321,133.32

NBV: -110,748.54

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