On 31 December 20X2, plant and machinery acquired at a cost of 200,000 in 20W9 was sold

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On 31 December 20X2, plant and machinery acquired at a cost of £200,000 in 20W9 was sold for £30,000. The accumulated depreciation to date was £130,000.

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Calculate the profit or loss on disposal (show all ledger account entries).

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Introduction To Financial Accounting

ISBN: 978-0077138448

7th edition

Authors: Anne Marie Ward, Andrew Thomas

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Question Posted: Dec 20, 2016 10:17 AM

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On 31 December 20X2, plant and machinery acquired at a cost of 200,000 in 20W9 was sold

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The result of the above transactions is to remove the asset an...View the full answer

Introduction To Financial Accounting

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