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A-LevelAccountingAccounting for non-current assets9706/12 · Feb/Mar 2023 · Q61 Mark

Non-current assets at the end of Year 1 were recorded at cost, $500000, and carrying value, $360000. During Year 2, certain assets were sold. They had originally cost $100000 and had been depreciated by $40000. The depreciation charge for the remaining non-current assets in Year 2 was $30000. What was the carrying value of non-current assets at the end of Year 2?

A$270000
B$300 000
C$330 000
D$370000

✓ Correct answer

A: $270000

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About this question

Topic
Accounting for non-current assets, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source
A-Level Accounting, Feb/Mar 2023 Paper 1 Variant 2, question 6.

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