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How can you help me for this question i am unable to find an answer and also explain the steps please.
Plant and property
Accumulated depreciation at 1st January 2015 = 210000
Cost at 1 January 2015 = 258000
cost at 31 December 2015 = 310000Plant and machinery is depreciated at the rate of 10% per annum using the straight-line
method. A full year’s depreciation is provided in the year of purchase and none in the year of
disposal. On 1 June 2015 a machine, bought on 10 July 2007, was sold for $17 800. This resulted in a profit on disposal of $13 000.Prepare the disposal of machinery account for the year ended 31 December 2015.
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