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3- On January 1, 2017, ABC company purchases a car at a cash cost of 50,000 SAR with Sales taxes of 7,500 SAR. It is
3- On January 1, 2017, ABC company purchases a car at a cash cost of 50,000 SAR with Sales taxes of 7,500 SAR. It is estimated that the car will have a useful life of 5 years and a residual value of 7,500. The gain on the disposal of the car knowing that it was sold for 8,000 on July 1, 2020 is a- 3,000 b- 13,000 C-1,750 d- 14,500 4- On July 1, 2017, ABC company purchases a machine at a cost of 200,000 SAR. It is estimated that the machine will have a useful life of 5 years. On March 1, 2019, ABC Company retires the machine. The loss on the disposal of plant asset is. 2- 133,333.333 b- 130,000 C- 20,000 d- 135,000 . 5- On October 1, 2019, ABC acquires a building at a cost of 100,000 SAR. It is estimated that the depreciable real estate will have a useful life of 20 years. The annual depreciati expense is a- 5,000 b- 10,000 C- 15,000 d- 20,000
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