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Question - Leo Pty Ltd sells a printing press which has been used solely for income-producing purposes. The termination value of the press is $15000 and its cost was $42500. At the time of sale, the computer's adjustable value is $9000.
Required - What is the balancing adjustment amount in respect of the sale?
a. $42500
b. $0
c. $6000
d. $15000
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