Paper 1 October/November 2020 Accounting (9706/11) A Level
CIE
AS & A Level
Accounting (9706)
بهمن
2020
شامل مباحث:
AS Level
تعداد سوالات: 30
سطح دشواری:
متوسط
شروع:
آزاد
پایان:
آزاد
مدت پاسخگویی:
60 دقیقه
پیش نمایش صفحه اول فایل
Arefe Naderlouei
ثبت شده در
6 بهمن 1401
A sole trader purchased a machine costing $\$ 30000$ with an estimated residual value of $\$ 5000$. It was expected to have a useful life of five years.
At the end of the fourth year, the machine was sold at a profit of $\$ 200$.
Depreciation is charged using the straight-line method. A full year’s depreciation is charged for each year the asset is owned.
What was the amount of sale proceeds?
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