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A vehicle acquired for 60,000 on 1st September 2013 and depreciated at 20% of cost per annum (time apportioned) was sold for 4,000 on 31st
A vehicle acquired for 60,000 on 1st September 2013 and depreciated at 20% of cost per annum (time apportioned) was sold for 4,000 on 31st March 2019. Expenses of disposal was 200. What is the gain or loss on disposal? 4,000 gain 3,800 loss 5,800 gain 3,800 gain
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