20X0 company B shows a book value of tangible fixed assets of 220.000 €. During the year 20X0, company B acquired tangible fixed costs of 60.000 €. The depreciation of tangible fixed assets for the year 20X0 amounted to 30.000 €, and a sale of tangible fixed assets took place from which profits were generated from the sale of tangible fixed assets of 3.000 €. The Balance Sheet 31/12/20X0 shows the tangible fixed assets with a book value of € 170,000.00. What is the book value of the tangible assets sold (assuming that there were no other changes in the tangible assets account)

20X0 company B shows a book value of tangible fixed assets of 220.000 €. During the year 20X0, company B acquired tangible fixed costs of 60.000 €. The depreciation of tangible fixed assets for the year 20X0 amounted to 30.000 €, and a sale of tangible fixed assets took place from which profits were generated from the sale of tangible fixed assets of 3.000 €. The Balance Sheet 31/12/20X0 shows the tangible fixed assets with a book value of € 170,000.00. What is the book value of the tangible assets sold (assuming that there were no other changes in the tangible assets account)

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter7: Fixed Assets, Natural Resources, And Intangible Assets

Section: Chapter Questions

Problem 7.3.3MBA

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