Marrison Ltd bought plant and machinery on 1 October 2019 for 12,000. It has an...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Marrison Ltd bought plant and machinery on October for It has an expected life of five years and an expected residual value of On June the plant and machinery was sold for Harrisons yearend is December. Its accounting policy is to charge depreciation monthly, straight line.
The profit on disposal of the machine in the statement of profit or loss at December is
A
B
C
D
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
