ABC Company has a balance in class $10$ at the beginning of the year of $$58,000.$ During the year they sold assets with an original cost of $$200,000$ for $$94,000.$ No assets remain in the class.

Calculate the amount to be included in income. If it is to be deducted, use a negative sign.

Answer rating: 100% (QA)

SOLUTION To calculate the amount to be included in income we need ... View the full answer