[Zamina]

Good evening!
Pls Help with this question in detail in MOCK EXAM

Somersault Plc bought an asset three years ago costing 230,000. Total useful life estimated at the time of recognition was 5 years. After first year of its operation asset was revaluaed and a surplus was recorded. Current balance in the revaluation surplus account is 45,000.
During the year asset was sold for 180,000.
What is the gain on disposal of asset?

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