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Need help with this adjustment in P/L
On 1 February 2019, the company sold a vehicle for £20,000. While the
proceeds of the sale were credited to the Disposal account, no other entries
were made in the books of account in relation to this transaction. The vehicle
had cost £88,000 in August 2016. The company charges a full year’s
depreciation in the year of acquisition and no depreciation in the year of
disposal. Vehicles: 25% straight line depreciation policy
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