You are told that: land and buildings were revalued upwards by $20,000 fixtures and fittings,
Question:
You are told that:
• land and buildings were revalued upwards by $20,000
• fixtures and fittings, which had cost $5,000, and which had been depreciated by $3,000, were sold for $1,000.
(a) Calculate the depreciation for the year.
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Related Book For
Accounting For Business Students
ISBN: 9781488616570
1st Edition
Authors: Peter Atrill, Eddie Mclaney, David Harvey
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