WebFeb 6, 2024 · Situation 3. The business sells the fixed assets for 4,500. In the final part of the question the business sells the asset for 4,500. Since the asset had a net book value of 3,000 the profit on disposal is calculated as follows. Profit on disposal = Proceeds - Net book value Profit on disposal = 4,500 - 3,000 = 1,500 Gain on Disposal Journal Entry Web1 day ago · In fact, a law enforcement source familiar with the details of what transpired at Trump’s arraignment on a 34-count indictment centered on hush-money schemes tells …
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