- This topic has 1 reply, 2 voices, and was last updated 1 year ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
A non-current asset was disposed of for $3,000 last week. It had been purchased exactly 4 years earlier for $10,000 and had been depreciated using straight line method. The asset had 5 years useful life and no residual value.
What was profit or loss on disposal?
answer:1000?
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.