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tintinz3
Oct 25, 2007, 03:48 AM
In the income statement there is an item of profit on disposal of motor vans.why selling an old motor van can actually result in a profit?

CaptainForest
Oct 25, 2007, 09:33 AM
Simple example: You buy the van for 10,000. You sell it for 15,000. 5,000 profit.