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What would be the profit in final sales transaction

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Question 1: A company acquires a license at a cost of 77.000 TL at the beginning of the year (1.1.2021). The useful life is 7 years. The company uses fair value method. Two years later (31.12.2022), the company realize that the market value of the license has increased by 10.000 TL. Eventually, after one year (31.12.2023), the company sold the license at a price of 60.000 TL. What would be the profit/loss in this final sales transaction (use straight -line method)?

A) 6.000 TL profit

B) 5.000 TL loss

C) 3.000 TL loss

D) 8.000 TL profit

Reference no: EM132555725

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