On 1 Jan 20X7 a building with carrying amount of 700,000 was revalued to 750,000. The remaining useful life at that date was 25 years. On 1st Jan 20X7 building sold for 800,000 .what is the profit On disposal of building in SPL for year ended 31 Dec 20X7? Answer in bpp solution is 110,000.
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Disposal of building
19d ago#1I do not know how they arrived at a figure of 110,000. Are you sure that you have copied all of the dates and figures correctly? If so, have you checked the errata sheet on their website to see if there was a mistake?
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