Question 6 Not yet answered Marked out of 3.00 flag question In the financial year...
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Question 6 Not yet answered Marked out of 3.00 flag question In the financial year ended 31 December 2009, Sister Edith sold a car for \$15,000. The car had been bought on 2 January 2006 for $45,000. Sister Edith depreciates motor vehicles on the reducing balance basis at a rate of 20% per annum. She charges a full year's depreciation in the year an asset is bought, and no depreciation in the year it is sold. What is the profit or loss on disposal of the car? . 8040 loss b. 3000 loss c. $23040 profit d. $21980 profit
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