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

Accounting for non-current assets — practice question

The table gives the non-current assets of a business. End of the year: cost $360000$, accumulated depreciation $120000$, carrying value $240000$. Start of the year: cost $300000$, accumulated depreciation $75000$, carrying value $225000$. Throughout the year, non-current assets with a cost of $110000$ were purchased, and non-current assets with a carrying value of $20000$ were sold. What was the depreciation charge for the year?

  • A$35000$
  • B$45000$
  • C$50000$
  • D$75000$

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