Perry Mason Limited paid $80,000 for a piece of machinery two and a half years ago. The accumulated depreciation on this piece of machinery for
Perry Mason Limited paid $80,000 for a piece of machinery two and a half years ago. The accumulated depreciation on this piece of machinery for the two and a half years was $50,000. This piece of machinery has just been sold and this sale generated a loss on disposal of $5,000.
What was the cash inflow from the disposal of this machine?
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Authors: LAP Lambert
1st Edition
6139825466, 978-6139825462
