Answer:
The answer is given below;
Explanation:
Cost of Machine $15,000
Depreciation year-1 ($15,000*20%) ($3,000)
Depreciation year-2 (15,000*32%) ($4,800)
Depreciation year-3 (15,000*19.2%) ($2,880)
Depreciation year 4 (15,000*.1152%) ($1,728)
Written down value $2,592
Sale proceeds from disposal $4,000
Gain on Sale ($4,000-2,592) $1,408
Tax on gain 1,408*20% ($282)
Net of Tax gain on sale $1,126
