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Book value of machinery is 50000$ and the accumulated depreciation is 35000$. Now the machinery is sold off for 10000$. Calculate Net profit/ loss?

Finance
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Question added by Safwat IBrahim Abdullrahman , Accountant , Al-Halawani Est.& Inter-Courts Co.
Date Posted: 2015/07/08
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daniel keagan

The sale of fixed assets resulted in a net loss of $5,. drift boss

  

Sonu Kumar
by Sonu Kumar , Senior Accountant , Goldline Worldwide Inc

Net Loss on Sale of Fixed Assets - ($5,000)

 

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