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explain step by step 4) Firm D prepares accounts to 31 December annually. In year 2019 the company had the following transactions: 1 January 2019
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4) Firm D prepares accounts to 31 December annually. In year 2019 the company had the following transactions: 1 January 2019 sold plant (originally purchased for OMR 8,400) for OMR 6,000 1 May 2019 purchased new plant for OMR 2,500 The written down value (WDV) of plant at 1 January 2019 was OMR 3,000. Compute the balancing charge or allowance for the year ended 31 December 2019Step by Step Solution
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