Alpha sells machine B for $50,000
cash on 30 April 20X4.
Machine B cost $100,000
when it was purchased and has a carrying amount of $65,000 at the date of disposal. What are the journal entries to record
the disposal of machine B?
T accounts： PLANT AND MACHINERY ACCOUNT $
Balance b/d 100,000 Plant and machinery disposals a/c 100,000
PLANT AND MACHINERY ACCUMULATED DEPRECIATION
$
Plant and machinery disposals $
35,000 Balance b/d 35,000
PLANT AND MACHINERY DISPOSALS $ $
100.000 Accumulated depreciation Cash 35,000
Plant and machinery account SPL (loss on sale) 50,000
100.000 15,000
10,000
多做几道
Which of the following is a ratio which is used to measure how much a business owes in relation to its size?
A business operates on a gross profit margin of 331/3%. were $680. Gross profit on a sale was $800, and expenses
What is the net profit margin?
A company has the following details extracted from its statement of financial position：
$'000
Inventories 1,900
Receivables 1,000
Bank overdraft 100
Payables 1,000
The industry the company operates in has a current ratio norm of 1.8. Companies who manage liquidity well in this industry
have a current ratio lower than the norm.
Which of the following statements accurately describes the company’s liquidity position?
Why is analysis of financial statements carried out?
Which of the following transactions would result in an increase in capital employed?
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