A-LevelAccountingAccounting for non-current assets9706/12 · May/June 2013 · Q181 Mark

A vehicle is sold for $1000. It had cost $6000 and $2800 depreciation had been provided on it. What is the profit or loss on disposal?

Aloss $2200

Bloss $4200

Cprofit $2200

Dprofit $4200

✓ Correct answer

A: loss $2200

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Topic: Accounting for non-current assets, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2013 Paper 1 Variant 2, question 18.

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