Homework Answers
Answer: $400,000 Gain
| The original cost of the Plant | 500,000 |
| Less : Accumulated Depreciation (300,000+100,000) | 400,000 |
| Carrying Value of the Plant Asset | 100,000 |
| Less: Selling the Plant at | 500,000 |
| Gain on sale of Plant (REgignised ) (500,000-100,000) | 400,000 |
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please help with these accouting questions!
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