A-LevelAccountingAccounting for non-current assets9706/12 · Oct/Nov 2010 · Q31 Mark
Non current (fixed) assets of a company were: [Table showing start of year and end of year values for at cost, cumulative depreciation, net book value] During the year non current (fixed) assets costing $92 000 were purchased and non current (fixed) assets with a net book value of $16 000 were sold. What was the depreciation charge for the year?
A$22 000
B$23 000
C$53 000
D$69 000
✓ Correct answer
C: $53 000
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