183 184 185 Class work: A company purchased an office equipment on 1 Aug 2018. The life span is 4 years. 186 The residual vaue is $900 and the cost of asset is $9500. The financial year ends on 30 November. 187 Assume DOUBLE DECLINE BALANCE METHOD 188 189 The office equipment was sold on 30 Nov 2021. 190 191 Determine the gain or loss on disposal of asset. [ 30 mins] 192 193 100 15