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On 30 June 20X5, VKT company sells a desktop computer that is surplus to requirements for V$750. The computer was purchased on 31 March 20X2
On 30 June 20X5, VKT company sells a desktop computer that is surplus to requirements for V$750. The computer was purchased on 31 March 20X2 for V$1,200, and was depreciated on a straight line basis over a useful life of 5 years with a residual value of V$300. VKT charges depreciation on a monthly pro-rata basis. What is the profit on disposal that VKT should recognise in the financial statements for the year ended 30 June 20X5? Give your answer to the nearest V$. Do not include symbols, commas or letters in your response
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