Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 26 Jul 2017 My Price 3.00

profit or loss on disposal

A building purchased several years ago was sold on 1 January 2010 for £2.5m. The carrying amount of the building at the date of sale was its revalued amount of £3.5m, less accumulated depreciation of £1.5m. An amount of £1m was included in a revaluation reserve in respect of the building. Calculate the profit or loss on disposal. Answer the question by providing the appropriate number in the box below. Do not enter commas, spaces or symbols [such as £]. Also state whether the figure you have calculated is a profit or loss. If figure is a loss add '-' before the figure.

Answers

Maurice Tutor
(5)
Status NEW Posted 26 Jul 2017 04:07 PM My Price 3.00

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