Question: based on the below how will you work out the profit/ loss on the sale of machine. taking into account purchase price. Extract from: Statement

Extract from: Statement of Profit or loss and other comprehensive income of Mode Lia for the vear ended 30 June 2022 Additional information: 1. Shares were issued for cash during the year. 2. Dividends of R180 000 were declared during the current financial year. 3. On 31 October, machinery with a carrying amount of R1 10000 was sold for replacement machine as well as additional machinery was purchased for cas 4. No long term borrowings were made during the year. 5. Investments were sold duning the year. Np new investments were purchased
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