P Ltd Sold an Item of Property,plant and Equipment to Its

question 18

Multiple Choice

P Ltd sold an item of property,plant and equipment to its subsidiary S Ltd on the following basis: cost to P Ltd $24 000.The equipment is three years old and had been depreciated at 10% per annum straight line.Sale price was $20 000.The gain recorded by P Ltd on sale would be:

• A) $20 000.
• B) $4000.
• C) $3200.
• D) $0.

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Definitions:

Suicidal Persons

Individuals experiencing a crisis or mental health condition that leads to thoughts of ending one's own life.

Schizophrenia

A psychiatric condition manifested by anomalies in conceptual processing, perceiving reality, feelings regulation, and managing social engagements.

Durkheim's Theory

A sociological theory proposed by Émile Durkheim, which posits that society is a complex system whose parts work together to promote solidarity and stability.

Egoistic Suicide

Suicide committed by people who feel alienated from others and who lack social support.