Answer:
This question is not complete.It is missing statement of profit or loss and balance sheet for both years,however find attached missing details.
The value of depreciation as shown by the statement of profit or loss in the year 2013 is $500 while that of 2014 is $520,the increase by $200 in 2014 is due to plant and equipment acquired in the year.
The gross investment in plant and equipment in 2014 is $1320
Explanation:
The gross investment is computed thus
=fixed asset in 2014-fixed asset in 2013+depreciation of 2014
Fixed asset in 2014=$5800
Fixed asset in 2013=$5000
depreciation in 2014=$520
gross investment=$5800-$5000+$520
=$1320
Answer:
what do u mean
Explanation:
2014 and 2013, they will both be dif. and its incomplete
