Statements of financial position reported non-current assets as shown below. A new asset had been acquired for
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Statements of financial position reported non-current assets as shown below. A new asset had been acquired for £120,000 and depreciation of £38,000 written off. An asset was disposed of for £10,000. Identify the gain (G) or loss (L) on the disposal.
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Related Book For 
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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