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34 Tanya’s year end is 30 June. She depreciates motor vehicles at 20% per annum on
the straight line basis. A full years depreciation is charged in the year of acquisition,
and none in the year of disposal.
In September 2006 Jackie bought a van for $27,000.
If she sells the van for $12,000 in January 2009, what will be Jackie’s profit or loss on
disposal?
A A profit of $4,200
B A loss of $4,200
C A profit of $1,200
D A loss of $1,200- Topics: 0
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i think the answer, based on nesiann’s calc, is C:
12000
(10800)
1200since the selling price 12000 is larger than the Carrying Value of 10800? you’ll get a profit.
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