Homework Answers
Caculation of profit or (loss) on sale machinery.
| Particulars | Amount(in $) |
| Sale of machinery as on year 2023 (A) | $12000 |
| Less: Book value of assest as on date of sale (B) | $16000 |
| Profit/(Loss) | $(4000) |
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displayed below.]
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straight-line method over an estimated five-year useful life with
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