Actg treatment for sale of car - rent a car business
Jen (Executive) (23 Points)
19 November 2016Jen (Executive) (23 Points)
19 November 2016
Jen
(Executive)
(23 Points)
Replied 19 November 2016
cost of car
less accumulated depn =
NBV
if sale value is high its profit or less it is loss.
Query - Do you have to deduct rental income received from the car????