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2.2 AB LTD purchased a machinery for R500 000 on 1 October 1999 and sold it on the 30 September 2012 for R600000. At the
2.2 AB LTD purchased a machinery for R500 000 on 1 October 1999 and sold it on the 30 September 2012 for R600000. At the date of sale capital allowances of R500 000 had been claimed on the machinery. Calculate the capital gain on the sale using the time apportionment base cost? (ROUND OFF TO THE NEAREST RAND)
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
12th edition
1305041399, 1285078586, 978-1-133-9524, 9781133952428, 978-1305041394, 9781285078588, 1-133-95241-0, 978-1133952411
