Use the Information Below to Answer the Following Questions

question 35

Multiple Choice

Use the information below to answer the following questions.
Brown Ltd purchased a machine on the first day of the financial period, 1 July 2010, for $100,000. The machine was depreciated using the reducing balance method and a rate of 20%. It was sold on 1 July 2011.
-If the machine was sold for $70 000 on 1 July 2012,what was the gain or loss on disposal?

• A) gain of $6000
• B) loss of $10 000
• C) gain of $10 000
• D) loss 0f $6000.

---

Definitions:

Complementary Therapies

Treatment methods used alongside conventional medical treatments, often to alleviate symptoms or improve well-being, such as acupuncture or massage.

Rheumatoid Arthritis

A chronic inflammatory disorder affecting joints, causing pain, swelling, and potential loss of function.

Meta-Analysis

A statistical technique that combines the results of multiple scientific studies to obtain a quantitative estimate of the overall effect of a particular intervention or phenomenon.

Decubitus Ulcers

Also known as bedsores, these ulcers are injuries to skin and underlying tissue resulting from prolonged pressure on the skin.