A company owned a non-current asset that originally cost $370000. The asset had a useful life of 10 years and an estimated residual value of $20000. A full year’s depreciation charge is taken in each year the asset is used. After 4 years, the asset was sold. The loss on disposal was $30000 and the disposal costs were $10000. What were the sale proceeds?
- A$192000
- B$200000
- C$202000
- D$210000