A-LevelAccountingAccounting for non-current assets9706/12 · May/June 2021 · Q31 Mark
Arnaud owned a vehicle which originally cost $20000. During the year ended 31 May 2021, he paid for repairs of $3700 and provided depreciation of $4000. On 31 May 2021, the vehicle had a net book value of $12000. Arnaud sold the vehicle on that date and the loss on disposal amounted to $2500. What were the cash inflows and outflows relating to the vehicle during the year?
Acash inflows $9500, cash outflows $3700
Bcash inflows $9500, cash outflows $7700
Ccash inflows $13500, cash outflows $6200
Dcash inflows $13500, cash outflows $8000
✓ Correct answer
A: cash inflows $9500, cash outflows $3700
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