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A business has fixtures and fittings which were originally purchased on 1 May 2019 for 8,400. These fixtures and fittings were sold on 1 December

A business has fixtures and fittings which were originally purchased on 1 May 2019 for 8,400. These fixtures and fittings were sold on 1 December 2020 for 6,000 having been depreciated at 15% straight line.

Required:

What would be the net book value of the fixtures and fittings on the date of disposal if the depreciation is calculated on a monthly basis?

What would be the amount of profit or loss on disposal of the fixtures and fittings?

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Id probably just get more upset. Its bett er to just drop it.

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