On 31 March 2023 Capricorn traders sold equipment which was purchased for R60,000 on the 1st of July 2021. The equipment was sold for R40,000 cash. Capricorn traders writers of depreciation on equipment at 20% per annum using the diminishing balance method.
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Get it written →On 31 March 2023 Capricorn traders sold equipment which was purchased for R60,000 on the 1st of July 2021. The equipment was sold for R40,000 cash. Capricorn traders writers of depreciation on equipment at 20% per annum using the diminishing balance method. Capricorn traders has a 31 December financial year end. Prepare the assets disposal account in general ledger of Capricorn traders to reflect the sale of equipment at 31 March 2023 .
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