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The following information is taken from the accounts of Spratt Ltd about the companys Desalination plant which converts salty sea water into clean drinking water.
The following information is taken from the accounts of Spratt Ltd about the companys Desalination plant which converts salty sea water into clean drinking water. This plant is part of its operations facility located outside of Newcastle. What were the proceeds from the sale of plant?
Plant, 1 July 2008 Plant, 30 June 2009 Accumulated Depreciation - Plant, 1 July 2008 Accumulated Depreciation - Plant, 30 June 2009 Depreciation Expense - Plant, year ended 30 June 2009 Loss on sale of plant, year ended 30 June 2009 Cost price of plant sold during the year $'000s 200 250 40 50 42 9 70Step by Step Solution
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