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Matt Dillion operators a dry goods business in Moneague. The following data was obtained for the year 2022 Non-current Assets Office Equipment at book value
Matt Dillion operators a dry goods business in Moneague. The following data was obtained for the year 2022 Non-current Assets Office Equipment at book value Motor Vehicle at book value January December 650,000 900,000 750,000 920,000 Transactions during the year i) Equipment with book value of 55 000 was sold at a loss of 12.000 ii) Motor Vehicle with book value of 80,000 was disposed of at a profit of $5,000 iii) Depreciation charges for the year was : Equipment 25,000, Motor Vehicle 40,000 How much was paid to purchase motor vehicle during the year
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