Q29 Given that an asset with a tax written down value of 250,000 is sold for 480,000. Compute the balancing allowance or charge

Q29 Given that an asset with a tax written down value of 250,000 is sold for 480,000. Compute the balancing allowance or charge
 �?�230,000 (Balancing allowance)
 �?�480,000 (Balancing charge)
 �?�480,000 (Balancing allowance)
 �?�230,000 ( Balancing charge)

TO PREPARE FOR YOUR ACC318 EXAMS – CLICK HERE TO GET THE ACC318 EXAMS SUMMARY FOR #1000