Answer in Accounting for trushang #99608
March 18th, 2023
The WDV of the asset for the four years is:
Rate of depreciation = 1 – (8/15)^(1/4) = 0.145.
Accumulated depreciation for four years was: 15×0.2×4 = 12.
Profit on sale is 12 – 8 = 4.