A fixed asset which was purchased four years ago and depreciated over that period on a straight-line basis, with an estimated residual value of £1,268 after eight years, was sold for £7,325 with a...

A fixed asset which was purchased four years ago and depreciated over that period on a straight-line basis, with an estimated residual value of £1,268 after eight years, was sold for £7,325 with a ‘loss on sale’ of £653. How much did it cost?

Dec 06, 2021
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