Hattie Limited paid R 1 0 0 0 0 0 for a machine exactly four years ago.

Fantastic news! We've Found the answer you've been seeking!

Question:

Hattie Limited paid R

100000

for a machine exactly four years ago. The directors decided that the machine would have a residual value of R

20 000

and depreciated the asset on a straight

-

line over five years. The Company recently sold the machine for R

25 000 .

Determine the profit or loss on disposal and the cash inflow amount from this disposal.

Posted Date: May 08, 2024 03:30 AM

See More Questions

1. Hannah is applying for a life policy on her girlfriend Sarahs life. The policy is $500,000 and carries a large premium. Hannah is the main earner, so she is concerned about not being able to pay...
11. Determine whether or not the following is valid. Justify your answer by using membership tables. (A UBUC) B (CNA) = (AB) U (B - A) 12. Draw the Venn Diagrams for the following set: (A UBUC) B...
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
Calculate UTX's market value-added (MVA) for each year 2010-2012.
Repeat parts b and c of Problem 20 with the log-transformed data. Give an interpretation of the coefficients of income and chicken price in terms of elasticities. Using your final fitted regression...
The actual layout of cells is seldom as regular that as shown in Fig. 2-41. Even the shapes of individual cells are typically irregular. Give a possible reason why this might be.
Record the following petty cash transactions of Handy Dan in the journal; explanations are not required. Nov 1 Established a petty cash fund with a $100 balance. 30 The petty cash fund had $33 in...
Below is a list of activities for Purple Cow Incorporated. Required: For each activity, indicate the impact on the accounting equation. After doing so for all transactions, ensure that the accounting...
Freight Terms Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for returns and allowances was received prior to payment and that all...
A 2 kg ball is moving with a speed of 4 m/s, and a 4-kg ball is moving with a speed of 2 m/s. What can you conclude about the kinetic energies of the two balls?
What is magnification factor?
Define kinematic synthesis.
What do you understand by whirling of a shaft?
Two spur gear wheels of $80 \mathrm{~mm}$ and $120 \mathrm{~mm}$ pitch diameters have involute teeth of standard addenda of $3 \mathrm{~mm}$ and $20^{\circ}$ pressure angle. The module is \(1...
What are Chebyshevs spacing for precision points?
1. The managing partner of an advertising agency believes that his company's sales are related to the industry sales. He uses Microsoft Excel's Data Analysis tool to analyze the last 4 years of...
What is your opinion of advertising awards, such as the Cannes Lions, that are based solely on creativity? If you were a marketer looking for an agency, would you take these creative awards into...
A nurse at a medical center claims that the median number of flu shots they give per day is 30. To test the claim, the nurse randomly selects 20 days during the months of September, October, and...
A medical researcher believed the number of ear infections in swimmers can be reduced if the swimmers use earplugs. A sample of 10 people was selected, and the number of infections for a four-month...
The Pennsylvania Turnpike Commission allows travelers to use a purchased Easy Pass for tolls on the Pennsylvania Turnpike. A researcher hypothesizes that the median of the number of Easy Pass users...

Hattie Limited paid R 1 0 0 0 0 0 for a machine exactly four years ago.

Question:

Expert Answer:

Students also viewed these accounting questions