how to calculate profit or loss in depreciation??
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1. If book value is greater than sale’s value of asset, then there is a loss.
2. If book value is less than sale’s value of asset, then there is a profit.
(Divide 100% by the no. of years in the asset life and then multiply by 2 to find the depreciation rate.)
Hope I helped u and hoping my answer was worth a brainliest tag!
2. If book value is less than sale’s value of asset, then there is a profit.
(Divide 100% by the no. of years in the asset life and then multiply by 2 to find the depreciation rate.)
Hope I helped u and hoping my answer was worth a brainliest tag!
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