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A motor car purchased for $ 80,000 whose book value is $ 48,000 sold for $ 100000. Capital profit is ?

<p><strong>(a) $15,000</strong></p> <p><strong> (b)$20,000</strong><strong>(c) $30,000</strong></p> <p><strong> (d) $40,000</strong></p> <p><strong>(e) None  of these.</strong></p>

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Question ajoutée par VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date de publication: 2014/12/05
Mir Mujtaba Ali
par Mir Mujtaba Ali , Internal Audit Manager , Confidential

the right answer is (b)

 

Capital Profit is being asked:

 i.e. An increase in the value of a capital asset that gives it a higher worth than the purchase price.

Alex Al Yazouri
par Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

(b)$20,000

LABIB KOOLI
par LABIB KOOLI , Director of the Sectoral Center for Training in Hotel Technologies at Southern Hammamet , Tunisian Vocational Training Agency (ATFP)

b) you dont's need to worry with the book value !

Utilisateur supprimé
par Utilisateur supprimé

THE ANSWER IS20000

Vinod Jetley
par Vinod Jetley , Assistant General Manager , State Bank of India

I agree with  Labib. Capital gain is $20000.

Lesley Lanag CMA CPA
par Lesley Lanag CMA CPA , Senior Accountant , Takaful Emarat Insurance (P.S.C)

Answer B. Capital profit is20,000. Thanks Mr.Vridavan for the invitation to answer. :)

mohammed elkheniny
par mohammed elkheniny , Financial Controller , DNM FOR SPINNING& WEAVING AND DYING

$ the correct is  b  20,000  

Md. Shahrier Aswad
par Md. Shahrier Aswad , Accounts Officer, Finance & Accounts Department , Center for the Rehabilitaion of the Paralysed (CRP)

Here20000 is capital profit.

MOHAMMAD EBRAHIM Hossain
par MOHAMMAD EBRAHIM Hossain , Lecturer , Shahid Mashiur Rahman Degree college, Jhikargacha Jessore

When Motor car purchased $80,000 then book value $48000 then capital Loss $32,000

Now book value $48,000 and sales value $100,000

So capital profit will be (100,000-80,000)= $20,000.

Farman Ali
par Farman Ali , operation manager , united bank limited

the answer is20000

Muhammad Ikram
par Muhammad Ikram , Financial Contorller , Sparq Systems Inc.

B. is correct

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