ON 20 JUNE 2011, TUESDAY SRL BOUGHT AND STARTED USING EQUIPMENT WHI...

1. On 20 June 2011, Tuesday SRL bought and started using equipment which cost 60,000 lei. Tuesday SRLdecided to compute and register as part of its expense the accounting depreciation, using the straight-line methodover ten years. The tax depreciation would be computed using the accelerated method over ten years. TuesdaySRL sold the equipment on 31 March 2012 (i.e. two months before the company closed) for its market price of