Use the following information to answeer questions below
Kako Ltd bought a machine for D 1,200,000 on 1st January 2018. Depreciation was provided annually at a rate of 10% using the diminishing balance method. The machine was sold for D 880,000 on 31st December 2021.
The profit or loss on disposal of the machine was
a
D 280,000 profit
b
D 87,480 loss
c
D 320,000 loss
d
D 92,680 profit
Explanation
Correct Option
bVideo Explanation
No video available
Post your Contribution
Share:
Discussions (0)
No comments yet
Be the first to comment
