Brown Ltd Purchased a Machine on the First Day of the Financial

question 2

Multiple Choice

Brown Ltd purchased a machine on the first day of the financial period,1 July 2015,for $100 000.The machine was depreciated using the reducing balance method and a rate of 20 per cent.
-It was sold on 1 July 2016.If the machine was sold for $70 000 on 1 July 2017,what was the gain or loss on disposal?

• A) Gain of $6000
• B) Loss of $10 000
• C) Gain of $10 000
• D) Loss of $6000

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Definitions:

Physiological Factors

Biological aspects influencing the functions and activities of living organisms, including genetic, biochemical, and cellular processes.

Gender Gap

The differential access to resources, opportunities, and rights between men and women, often reflecting in disparities in income, employment, education, and political representation.

Cardiovascular Disease

A class of diseases that involve the heart or blood vessels, including coronary artery disease, heart attack, and stroke.

Cigarette Smoking

The act of inhaling smoke from the combustion of tobacco products, which is known to be harmful to health.