Mirane applies the cost model. It sells a building held as investment property whose original cost is 6,400,000 and accumulated depreciation 1,400,000 (no impairment loss). The agreed price is 4,650,000, and the agency fees borne by Mirane amount to 70,000. What loss on disposal is recognised in profit or loss, and on what net proceeds?
- Original cost
- 6,400,000
- Accumulated depreciation
- 1,400,000
- Agreed price
- 4,650,000
- Agency fees
- 70,000