WAEC Accounting 2022 Objective — Question 19
Question 19 of 50 from the West African Examinations Council (WAEC) Accounting 2022 Objective paper, with the correct answer and a full explanation.
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The profit or loss on disposal of the machine was
- A. D320,000 loss
- B. D280,000 profit
- C. D92,680 profitCorrect
- D. D87,480 loss
Explanation
NBV at disposal = 874,800 − 87,480 = 787,320. Profit on disposal = Sale price − NBV = 880,000 − 787,320 = D92,680 profit.
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