Thursday, September 16, 2010

Balance Sheet?

A man wants to buy 100 cars, which have a list price of £15,000. He is offered them at a discount of 40% of the list price of the car. Which means that the cost per car is £9000. In the Fixed Assets of the Balance Sheet, is £9000 x 100 cars listed, or £15000 x 100 cars listed, and why?