Machinery which had cost $7290 was sold for $3400. The disposal account showed a profit on disposal

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Machinery which had cost $7290 was sold for $3400. The disposal account showed a profit on
disposal of $594.
How much was the depreciation up to the date of disposal and on which side of the disposal
account was it recorded?

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Financial Accounting and Reporting

ISBN: 978-0273744443

14th Edition

Authors: Barry Elliott, Jamie Elliott

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Posted Date: Feb 13, 2023 12:33 AM

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Machinery which had cost $7290 was sold for $3400. The disposal account showed a profit on disposal

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