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Its capital cost was 25000 and accumulated depreciation was

Question - On 30 November 2015 a finishing machine was sold.

Its capital cost was $25,000 and accumulated depreciation was $13,000 at date of sale.

The machine was sold on credit to Jason Smith for $14,300 (including GST) with the purchaser paying a $1,000 deposit.

Balance date is 30 June 2016.

Post to the relevant ledger accounts.

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Accounting Basics: Its capital cost was 25000 and accumulated depreciation was

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Accounting Basics: Its capital cost was 25000 and accumulated depreciation was

Reference No:- TGS02497716

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