Equipment costing 30,000 has been depreciated at 50% per annum using the reducing balance method. It was

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Equipment costing £30,000 has been depreciated at 50% per annum using the reducing balance method. It was sold after three years of use for £3,700.

Required

Prepare a disposal account for the equipment.

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Introducing Accounting For AS

ISBN: 9780340959404

2nd Edition

Authors: Ian Harrison

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Question Posted: Aug 23, 2023 04:38 AM

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Equipment costing 30,000 has been depreciated at 50% per annum using the reducing balance method. It was

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To prepare the disposal account for the equipment we need to calculate the accumulated depreciation ...View the full answer

Introducing Accounting For AS

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