Lemon Ltd sold an office machine for $1,000, on credit to Tom Peters on 30th June...

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Lemon Ltd sold an office machine for $1,000, on credit to Tom Peters on 30th June 2022 The office machine had an historical cost price of $6,000. The accumulated depreciation of the office furniture up to 31st December 2021 was $4,000 Lemon Ltd has calculated depreciation expense for the last 6 months of the 2022 financial year to be $750. You are required to calculate the written down/book value of the office machine at the date of sale. SHOW YOUR CALCULATIONS Lemon Ltd sold an office machine for $1,000, on credit to Tom Peters on 30th June 2022 The office machine had an historical cost price of $6,000. The accumulated depreciation of the office furniture up to 31st December 2021 was $4,000 Lemon Ltd has calculated depreciation expense for the last 6 months of the 2022 financial year to be $750. You are required to calculate the written down/book value of the office machine at the date of sale. SHOW YOUR CALCULATIONS

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To calculate the written downbook value of the office machine at the date of sale we need ... View the full answer