A machine which cost 45,000 on 1 January 20*7 had an expected life of 10 years. It

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A machine which cost £45,000 on 1 January 20*7 had an expected life of 10 years. It has been depreciated using the straight line method. It was sold for £31,000 on 31 December 20*8.

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Calculate the profit or loss on disposal of the machine.

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Introducing Accounting For AS

ISBN: 9780340959404

2nd Edition

Authors: Ian Harrison

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Question Posted: Aug 23, 2023 04:38 AM

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A machine which cost 45,000 on 1 January 20*7 had an expected life of 10 years. It

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To calculate the profit or loss on disposal of the machine we need to determine the carrying amount ...View the full answer

Introducing Accounting For AS

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