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Accounting (9706) 1401/11/4

Paper 1 October/November 2014 Accounting (9706/11) A Level

CIE AS & A Level Accounting (9706) بهمن 2014
شامل مباحث: AS Level
  تعداد سوالات: 30
  سطح دشواری: متوسط
  شروع: آزاد
  پایان: آزاد
  مدت پاسخگویی: 60 دقیقه

Paper 1 October/November 2014 Accounting (9706/11) A Level
پیش نمایش صفحه اول فایل
ثبت شده در 4 بهمن 1401
  

A business purchased a new machine on 1 January 2020 for $\$ 15000$ paying $\$ 10000$ by cheque.

The balance was settled by part exchange of an old machine. This old machine had cost $\$ 12000$ on 1 January 2018 and had been expected to last for 6 years with a residual value of $\$ 2400$.

The business uses the straight-line method of depreciation.

What was the loss on the disposal of the old machine?