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Equipment R20 000 Accumulated Depreciation R16000. Depreciation is calculated at 20% p. a. on a diminishing method. An old equipment was disposed for R1 500 cash on 1 December 2021. The equipment originally costed R3000. The Accumulated depreciation for previous years is R700. The profit/loss for the disposed equipment is.

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Equipment R20 000 Accumulated Depreciation R16000. Depreciation is calculated at 20% p. a. on a diminishing method. An old equipment was disposed for R1 500 cash on 1 December 2021. The equipment originally costed R3000. The Accumulated depreciation for previous years is R700. The profit/loss for the disposed equipment is

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