A-LevelAccountingAccounting for non-current assets9706/12 · Oct/Nov 2021 · Q41 Mark
A business purchased a non-current asset for $500000 with an expected life of 20 years. After that time it was expected to be sold for $100000. It was depreciated using the straight-line method. The non-current asset was sold after 10 years for $120000 with selling costs of $10000. What was the loss on disposal?
A$130000
B$140000
C$180000
D$190000
✓ Correct answer
D: $190000
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