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Independent Trucks Ltd sold equipment in the current year as follows (they did not incur any capital expenditures this year): Proceeds from sale of vehicles

Independent Trucks Ltd sold equipment in the current year as follows (they did not incur any capital expenditures this year):
Proceeds from sale of vehicles (cost 100,000) 500,000
Tax written down values for plant and machinery at the beginning of the year were as follows:
20% pool 30% pool
WDV B/F 0 20,000
Calculate balancing charges for the year. Enter "0" if there are no balancing charges. Do not enter negative numbers (enter numbers as a positive value or as zero).

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