Question
i.On 30 June 2019, Pinocchio Ltd sold office equipment that was purchased on 1 January 2014. The equipment cost $102 000 and had a useful
i.On 30 June 2019, Pinocchio Ltd sold office equipment that was purchased on 1 January 2014. The equipment cost $102 000 and had a useful life of 10 years with a residual value of $21 000. The equipment was sold for $42 000. The accumulated depreciation provided for this equipment was $54 200. Ignore GST.
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Financial & Managerial Accounting
Authors: Carl Warren
12th Edition
1285534646, 978-1133952428
