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COST OF ASSET

LIFE
RV
ASSET WAS ACQUIRED ON 1.4.2014
ON 1ST OCT 2016 THE ASSET IS DISPOSED OFF
SALE CONSIDERATIONS ARE AS FOLLOWS
SIT 1
SIT 2
SIT 3
DEP EXP
ACC DEP(APR 2014-OCT2016)
COST
LESS: ACC DEP
BOOK VALUE

100000
10 YRS
10000

90000
15000
77500
9000
22500
100000
22500
77500

PROFIT & LOSS STATEMENT


REV
AMT
REV FROM OPS
X
GAIN ON SALE OF FA
12500

PROFIT & LOSS STATEMENT


REV
AMT
REV FROM OPS
X
GAIN ON SALE OF FA
-62500

EXP

EXP

PROFIT & LOSS STATEMENT


REV
AMT
REV FROM OPS
X
GAIN ON SALE OF FA

EXP

YR

CASH FLOWS

ASSUME PV OF FUTURE CASHFL


CARRYING COST

DISCOUNT RATE

30000
50000

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