fast

The difference between the purchase cost of an asset and its value at the end of the life is known as a. Residual value b. Amortization cost OC. Scrap Value O d. Depreciable cost Profit is earned on sale of asset when a. Sale price is more than book value Ob. Sale price is less than Accumulated Depreciation OC. Sale price is less than book value O d. Sale price is more than Accumulated Depreciation Horse LLC had opening stock of 400 kgs value RO 4000. They purchased 500kgs @ RO 11 and later on they purchased 300kgs RO 12. 700kgs were sold. The Cost of goods sold as per Last In First Out method will be a. RO 6000 O b. RO 8250 O c. RO 5250 d. RO 5500