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 £8300 and by Xenia’s year-end of 31 March 2012 depreciation had accumulated of £6330. She sells the van for £2380 on 1 April 2012.
What is the profit or loss on the sale of the van?
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Kirti Kaushal
Having experience of more than 10 years is good enough to coach my students. Currently, I am working as an active supervisor of ACCA students. In my career, I helped students in financial accounting, management accounting, cost accounting, financial reporting, taxation, and audit. I also helped students publish their articles or papers in good journals. I also helped students with thesis and objective writing.
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