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Hardin purchased a van on 1 October 2018 for a total cost of 22,000. He paid 17,500 in cash and also traded in his old
Hardin purchased a van on 1 October 2018 for a total cost of 22,000. He paid 17,500 in cash and also traded in his old van. The old van had cost 20,000 and the related accumulated depreciation was 14,200. The loss on disposal that should be included in Hardin's statement of profit and loss for the year ended 31 December 2018 is: 2,500 1,300 5,800 2,000
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