The net book value of a company's non-current assets was $200,000 at 1 August 20X8. During the year ended 31 July 20X9, the company sold non-current assets for $25,000 on which it made a loss of $5,000. The depreciation charge for the year was $20,000. What was the net book value of non-current assets at 31 July 20X9? A $150,000 B $155,000 C $160,000 D $180,000

The net book value of a company's non-current assets was $200,000 at 1 August 20X8. During the year ended 31 July 20X9, the company sold non-current assets for $25,000 on which it made a loss of $5,000. The depreciation charge for the year was $20,000. What was the net book value of non-current assets at 31 July 20X9? A $150,000 B $155,000 C $160,000 D $180,000

Name: The net book value of a company's non-current assets was $200,000 at 1
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Description: The net book value of a company's non-current assets was $200,000 at 1 August 20X8. During the year ended 31July 20X9, the company sold non-current assets for $25,000 on which it made a loss of $5,000. The depreciationcharge for the year was $20,000.

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter8: Depreciation, Cost Recovery, Amortization, And Depletion

Section: Chapter Questions

Problem 30CE

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