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Business, 24.11.2021 17:00 tbowlby7620

QUESTION 3 A company uses a reducing balance basis to charge depreciation. On the 01 January 2018, an asset with a cost of P8 000 and a useful life of 5 years was bought. On the 31 December 2019, the company decided to sell the asset for P4 000. What is the profit or loss on disposal? A. P500 loss B. P800 loss C. P500 profit D. P800 profit

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QUESTION 3 A company uses a reducing balance basis to charge depreciation. On the 01 January 2018, a...
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