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The Razzle Dazzle Ltd has provided the following balance sheet extract as at December 31.2021: Land and building Fixture
Posted: Mon May 02, 2022 7:30 am
by answerhappygod
- The Razzle Dazzle Ltd Has Provided The Following Balance Sheet Extract As At December 31 2021 Land And Building Fixture 1 (37.68 KiB) Viewed 24 times
The Razzle Dazzle Ltd has provided the following balance sheet extract as at December 31.2021: Land and building Fixtures and fittings Machines and equipment Motor vehicle Cost 550.000 340.000 450,000 395.000 2020 Depºn NBV 35.000 515.000 28.000 312.000 45,000 405.000 29.500 365,500 Cost 640,000 490.000 520.000 440.000 2021 Depin NBV 64.000 $76000 356001454,400 60.000 460,000 36,200 403.300 Fit Lone term investment 180.000 250.000 It was ascertained that during the year, equipment costing $61,000 with depreciation of $13,000 was sold for $55,000. How much is to be shown as gain or loss on disposal? O a Loss of $6,000 O b. Loss of $19.000 Oc Gain of $7.000 d. Gain of $42.000