Accounting 9706 · AS & A Level · Accounting for non-current assets

Accounting for non-current assets — practice question

At the close of Year 1, non-current assets were shown at cost, $500\,000, and carrying amount, $360\,000. In Year 2, some assets were disposed of. Their original cost was $100\,000 and accumulated depreciation was $40\,000. The depreciation expense for the other non-current assets in Year 2 amounted to $30\,000. What was the carrying value of non-current assets at the end of Year 2?

  • A$270\,000
  • B$300\,000
  • C$330\,000
  • D$370\,000

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