5.8 Xenia no longer needs a second van in her business, and so she decides to sell...
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5.8 Xenia no longer needs a second van in her business, and so she decides to sell it. The van originally cost
£8,300 and by Xenia’s year-end of 31 March 20X5 depreciation had accumulated of £6,330. She sells the van for £2,380 on 1 April 20X5.
What is the profit or loss on the sale of the van?
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