Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

BPP Black Friday sale!

40% discount on all BPP books specially for OpenTuition students!
Get it here >>

linda268

Forum Replies Created

Viewing 1 post (of 1 total)
  • Author
    Posts
  • December 31, 2022 at 6:59 am #675249
    mysterylinda268
    Participant
    • Topics: 3
    • Replies: 1
    • ☆

    hello, i think that the cost of new car is 21000 x 1.2 = 25200 and the part exchange allowance is 25200 – 11900 = 13300
    The carrying value of the old car is 17760 – 17760/4 x 3 = 4440, so the gain on sale of old car is 13300 – 4440 = 8860
    Is my answer corect ?
    Thank u!

  • Author
    Posts
Viewing 1 post (of 1 total)