Balances at the end of financial year 28 February 2022 Equipment R24 000 Accumulated Depreciation R18...

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Balances at the end of financial year 28 February 2022 Equipment R24 000 Accumulated Depreciation R18 000. Adjustment: Depreciation is calculated at 30% p. a. on a diminishing method. An old equipment was disposed for R1 500 cash on 1 December 2021. The equipment originally costed R5 000. The Accumulated depreciation for previous years is R1 500. The profit/loss for the disposed equipment is: OA. Profit/loss R1 050 OB. Profit/loss R525 OC. Profit/loss R712.50 O D. Profit/loss R787,50 Balances at the end of financial year 28 February 2022 Equipment R24 000 Accumulated Depreciation R18 000. Adjustment: Depreciation is calculated at 30% p. a. on a diminishing method. An old equipment was disposed for R1 500 cash on 1 December 2021. The equipment originally costed R5 000. The Accumulated depreciation for previous years is R1 500. The profit/loss for the disposed equipment is: OA. Profit/loss R1 050 OB. Profit/loss R525 OC. Profit/loss R712.50 O D. Profit/loss R787,50