The non-current assets of a business are shown in the table.
end of the year $ start of the year $
cost 360 000 300 000
accumulated depreciation 120 000 75 000
carrying value 240 000 225 000
During the year, non-current assets costing $110000 were bought, and non-current assets, with a carrying value of $20000, were sold.
What was the depreciation charge for the year?

Q: What topic does this question test?

This question tests Non-Current Assets and Depreciation in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Q: Which exam paper is this question from?

This question appeared in the Cambridge A-Level Accounting May/June 2025 examination, Paper 1 Variant 2 (9706_s25_qp_12.pdf).

Question

The non-current assets of a business are shown in the table.
end of the year $ start of the year $
cost 360 000 300 000
accumulated depreciation 120 000 75 000
carrying value 240 000 225 000
During the year, non-current assets costing $110000 were bought, and non-current assets, with a carrying value of $20000, were sold.
What was the depreciation charge for the year?

Oracle Prep · Accepted Answer

The correct answer is D: $75000.

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