A vehicle acquired for 60,000 on 1 September 2005 and depreciated at 20% of cost per annum
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A vehicle acquired for £60,000 on 1 September 2005 and depreciated at 20% of cost per annum (time apportioned) was sold for £4,000 on 31 March 2011. Expenses of disposal was £200. What is the gain or loss on 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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