Bpp practice kit qstn : Elite leisure co case(qstn no 59)

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December 24, 2020 at 4:47 pm #600811
cadhakan
Participant
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Hi sir,

I have doubt in qstn num 59) can you please explain me how they get (Repainting cost20,000+ Loss on disposal 25000) I am not able to get from where they get 25000?. Thanks in advance.
December 27, 2020 at 7:56 pm #601006
P2-D2
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Hi

I’ve not got the question on me currently but a loss on disposal will be calculated from the proceeds less the carrying value at the date of disposal.

Thanks
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