What is the deductible or assessable income amount, Financial Accounting

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What is the deductible or assessable income amount

Problem

Hannah sold equipment from her factory on 31 May 2020 for $9200. Theequipment had originally cost $11000 and was depreciated using the primecost method using an effective life of 5 years. The opening adjustable value was $6000 on 1 July 2019. Decline in value on Hannah's other assets was$1700.

What is the deductible or assessable income amount?

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Financial Accounting: What is the deductible or assessable income amount

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Financial Accounting: What is the deductible or assessable income amount

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