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    tintinz3's Avatar
    tintinz3 Posts: 1, Reputation: 1
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    #1

    Oct 25, 2007, 03:48 AM
    Income statement
    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's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

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