Question
On 31 dec 2008 NANO has net PPE of $2600. in 2009 NANO purchases $700 worth of PPE and collected $1350 from disposal of PPE.
On 31 dec 2008 NANO has net PPE of $2600. in 2009 NANO purchases $700 worth of PPE and collected $1350 from disposal of PPE. during the year, depreciation expense of $300 was reported in the income statement. ending gross PPE was $4500 and accumulated depreciation was $2800 as at 31 dec 2009. CALCULATE LOSS OR GAIN ON DISPOSAL OF PPE?
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Cost Accounting Foundations And Evolutions
Authors: Amie Dragoo, Michael Kinney, Cecily Raiborn
10th Edition
1618533533, 9781618533531
