SPECIAL SELECT COMMITTEE ON THE SALE AND DISPOSAL OF ASSETS IDENTIFIED BY THE ‘JANNEH COMMISSION’ WEEK 10 : 18/09/2025 WITNESS: Mr. Abubacarr M. Tambadou (Former Attorney General & Minister Of Justice) Part 2 @followers Highlights | The Gambia National Assembly
SPECIAL SELECT COMMITTEE ON THE SALE AND DISPOSAL OF AS…
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An asset (which has never been revalued) has a carrying amount of £ 100,000. The asset is being depreciated on the straight-line basis, with a remaining useful life of three years and a residual value of £ 10,000. The asset is expected to generate net cash inflows of £ 20,000 per year for the next three years and then to be sold for f 10,000. Disposal costs are expected to be negligible. At present, the asset could be sold for £ 50,000. Disposal costs would be £ 2,000. Required: (a) Assuming a d
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