Multiple Choice
On 31 December 2014 an aeroplane with a cost of $200 000 has had accumulated depreciation written off of $170 000. If it was sold for a profit of $30 000 on 1 January 2015 how much was recorded as income from the proceeds of the sale?
A) $30 000
B) $60 000
C) Nil
D) $200 000
Correct Answer:
Verified
Correct Answer:
Verified
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