QUESTION TW0 DISPOSAL OF FIXED ASSETS AND DEBTORS CONTROL 12 MARKS REQUIRED Study the information provided below and answer the following questions Calculate the profit or loss on the equipment sold. Show all calculations Prepare the following account in the General ledger Fixed Asset Realisation INFORMATION The following balances, amongst others, appeared in the ledger of Bradlows Stores on 01 January 2013, the beginning of the financial year R200 000 Equipment R120 000 Accumulated depreciation on equipment On 30 June 2013, a computer that cost R20 000 was sold for R3 500 cash The accumulat depreciation on the computer amounted to R15 000 on 01 January 2013 Depreciation on equipment is calculated at 20 % per year on cost