On 31 December 2012 an Aeroplane with a Cost of $200

question 17

Multiple Choice

On 31 December 2012 an aeroplane with a cost of $200 000 has accumulated depreciation written off of $90 000.If it is sold for $130 000 on 1 January 2013 what will be the net effect of the sale on the income statement?

• A)$20 000 profit
• B)$20 000 loss
• C)$70 000 loss
• D)$40 000 profit

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Definitions:

Acute Glomerulonephritis

Rapid onset inflammation of the glomeruli, which are small structures in the kidneys that filter blood.

Urinalysis

A test of urine to detect and manage a wide range of disorders, such as urinary tract infections, kidney disease, and diabetes.

Refrigerated

Maintained or kept cool in a fridge to preserve freshness, prevent spoilage, or slow down chemical reactions.

Voided

Refers to the excretion of urine from the bladder.