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A Mercedes Benz that had been purchased for sh. 5,000,000 in January 2021 was involved in an accident in July 2021. The company received a

A Mercedes Benz that had been purchased for sh. 5,000,000 in January 2021 was involved in an accident in July 2021. The company received a compensation of sh.3,500,000 as a compensation for the loss. What is the disposal amount for purposes of wear and tear allowance? Select one: 2,100,000 2,450,000 3,000,000 3,500,000

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