A-LevelAccountingAccounting for non-current assets9706/12 · Oct/Nov 2013 · Q51 Mark
The table shows extracts from the statements of financial position of a business. 2011 $ 2012 $ non-current assets (at cost) 190000 245000 less accumulated depreciation 75000 90000 115000 155000 Other information for the financial year 2012 is as follows. $ depreciation charged 40000 new non-current assets purchased (at cost) 105000 loss on sale of non-current assets 10000 Which amount was received from the sales of the non-current assets?
A$15000
B$25000
C$30000
D$35000
✓ Correct answer
A: $15000
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