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A business has recently sold some machinery which had a net book value of 13000. The provision for depreciation on the machinery at the time

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A business has recently sold some machinery which had a net book value of 13000. The provision for depreciation on the machinery at the time of sale was 16000. The business made a loss of f4000 on the sale. Prepare the machinery disposal account and show your workings separately. (8 marks)

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