What is amount of gross profit realized in year

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Reference no: EM13137565

On april 1 2009 joy ltd sold a land for $100,000. the note will be colleccted as follows: $20,000 in 2009, $30,000 in 2010 and $50,000 in 2011. The property had cost yo $20,000 when it was purchased in 1998. under installment-sale metjod, what is the amount of gross profit realized in year 2011?

Reference no: EM13137565

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What is amount of gross profit realized in year : The property had cost yo $20,000 when it was purchased in 1998. under installment-sale metjod, what is the amount of gross profit realized in year 2011?

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