Question
On 1 July, 2013, Alma Ltd sold an item of Machinery to Juventus Ltd for $80000. This item had cost Alma Ltd $ 60000. This
On 1 July, 2013, Alma Ltd sold an item of Machinery to Juventus Ltd for $80000. This item had cost Alma Ltd $ 60000. This item had a future 8 years life And tax rate was 30%. Based on above information, which of the following represent the adjustments made by Alma Ltd regarding this transaction for the current year only (step four) at 30/6/2014. Select one: a. Unrealised gain (14000) realised gain via depreciation 2500 b. Unrealised gain (20000) realised gain via depreciation 2500 c. Unrealised gain (20000) realised gain via depreciation 1750 d. Unrealised gain (14000) realised gain via depreciation 1750
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