Note:- not use of excel and solve correctly.Last time incorrect solution given   Q) determine the change in profit, when a contractor makes a payment on a loader that he bought with a loan last year. The amount of the payment is $ 4,100, which includes $ 1,500 in principal and $ 600 in interest. At the same time the contractor records a depreciation in the loader value of $ 1,100, and at the same time the contractor sold a truck for $ 90,000 in cash. The truck was purchased for $ 200,000 and $ 100,000 of depreciation has been taken

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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not use of excel and solve correctly.Last time incorrect solution given

 

Q) determine the change in profit, when a contractor makes a payment on a loader that he bought with a loan last year. The amount of the payment is $ 4,100, which includes $ 1,500 in principal and $ 600 in interest. At the same time the contractor records a depreciation in the loader value of $ 1,100, and at the same time the contractor sold a truck for $ 90,000 in cash. The truck was purchased for $ 200,000 and $ 100,000 of depreciation has been taken

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