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

Accounting for non-current assets — practice question

In the course of the year, a business disposes of a non-current asset. The details given are: original cost: $500$ accumulated depreciation on the date of sale: $240$ profit on sale: $70$ What are the proceeds from the sale of the non-current asset?

  • A$170$
  • B$190$
  • C$310$
  • D$330$

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