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In a previous period Banshee Ltd wrote-off its 'dynamic mover' equipment,but new information has shown that it is probable that the future economic benefits exceed its cost of $40 000.What is the appropriate accounting entry?
Wholly Owned Subsidiaries
Companies that are completely controlled by another company, the parent company, owning 100% of the subsidiary's shares.
Multinational Enterprise
A large corporation that owns and controls production or delivers services in more than one country.
Foreign Corrupt Practices Act
A U.S. law that prohibits companies and their supervisors from bribing foreign officials to obtain or retain business.
American Company
A corporation or business entity that is registered, operates, or has its principal place of business in the United States.
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