Question
Leo Pty Ltd sells a printing press which has been used solely for income-producing purposes. The termination value of the press is $15000 and its
Leo Pty Ltd sells a printing press which has been used solely for income-producing purposes. The termination value of the press is $15000 and its cost was $42500.At the time of sale, the computer's adjustable value is $9000.
What is the balancing adjustment amount in respect of the sale?
Select one:
$42500
$0
$6000
$15000
Clear my choice
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Core Concepts Of Accounting Information Systems
Authors: Mark G. Simkin, Carolyn A. Strand Norman, Scott Paquette
1st Canadian Edition
