Amit depreciates his buildings at the rate of 2% per annum using the straight line method. He
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Amit depreciates his buildings at the rate of 2% per annum using the straight line method.
He bought land for $300000. It cost $110000 to build a warehouse on it. After five years he sold the warehouse for $399000. What was the profit or loss on disposal?
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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