The following information is provided from the financial statements of Circus Ltd: 2019 €000 2018 €000 STATEMENT OF FINANCIAL POSITION Property, plant and equipment – cost Accumulated depreciation Equity and Reserves Revaluation surplus 960 770 250 210 110 STATEMENT OF PROFIT OR Loss (EXTRACT) ended 31 December 2019 for the year € Depreciation Loss on disposal 90,000 8,500 The asset sold during the year had originally cost €66,000.

The following information is provided from the financial statements of Circus Ltd: 2019 €000 2018 €000 STATEMENT OF FINANCIAL POSITION Property, plant and equipment – cost Accumulated depreciation Equity and Reserves Revaluation surplus 960 770 250 210 110 STATEMENT OF PROFIT OR Loss (EXTRACT) ended 31 December 2019 for the year € Depreciation Loss on disposal 90,000 8,500 The asset sold during the year had originally cost €66,000.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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