Beth`s year end is 31 March. He depreciates an office desk at 25% per annum on the straight line basis. A full year`s depreciation is charged in the year an asset is purchased, and no depreciation is charged in the year it is sold. In September 2016, Buynaa bought an office desk for $90,000.
If he sells the desk for $50,000 in August 2018, what will be Beth`s profit or loss on disposal? (ONLY NUMBERS)
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He depreciates an office desk at 25% per annum on the straight line basis. A full year`s depreciation is charged in the year an asset is purchased, and no depreciation is charged in the year it is sold. In September 2016, Buynaa bought an office desk for $90,000.
If he sells the desk for $50,000 in August 2018
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