A-LevelAccountingAccounting for non-current assets9706/12 · May/June 2011 · Q111 Mark
The non-current assets of a business are shown. end of year $ start of year $ cost 360 000 300 000 accumulated depreciation 120 000 75 000 net book value 240 000 225 000 During the year, non-current assets costing $110 000 were bought and non-current assets with a net book value of $20 000 were sold. What was the depreciation charge for the year?
A$35 000
B$45 000
C$50 000
D$75 000
✓ Correct answer
D: $75 000
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