- This topic has 1 reply, 2 voices, and was last updated 9 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
A co purchased a machine for $50000 on 1 Jan 2001.It was judged to have a five year life with a residual life of $5000.On 1 Jan 2003 $15000 was spent on an upgrade to the machine.Its extended its remaining useful life to 5 years with the same residual value.During 2003 the market for the product declined and the machine was sold on 1 Jan 2004 for $7000.
What was the loss on disposal???
When we calculate depreciation how do we get 45000*2/5.How do we get *2???
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.