A machinery was bought on 2 nd January 2015 for $ 90,000, The Company depreciates its PP&E
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A machinery was bought on 2nd January 2015 for $ 90,000, The Company depreciates its PP&E at 10% on cost with no depreciation during the year of disposal. The machinery was sold on 1st July 2019 for $60,000. What was the gain or loss on disposal?
A. Loss of $ 30,000
B. Gain of $ 30,000
C. Loss of $ 6,000
D. Gain of $ 6,000
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