A machine which cost 20,000 on 1 January 20*7 had an expected life of four years. It

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A machine which cost £20,000 on 1 January 20*7 had an expected life of four years. It has been depreciated using the straight line method. It was sold for £5,200 on 31 December 20*8.


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Calculate the profit or loss on disposal of the machine.

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