Question
The company ALPHA on 31/8/2021 sells mechanical equipment for 380,000. The equipment was acquired on 1/5/2016 (date of commencement of production activity) for an amount
The company ALPHA on 31/8/2021 sells mechanical equipment for 380,000. The equipment was acquired on 1/5/2016 (date of commencement of production activity) for an amount of 450,000. The depreciation rate of the equipment is 10% per year. Make the relevant accounting entries for the sale.
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A One-Year Accounting Course Part 2
Authors: Trevor Gambling
1st Edition
0080130267, 9780080130262
