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

Accounting for non-current assets — practice question

A business disposed of a non-current asset. The asset had originally cost $15000 and was expected to last for 10 years, with no residual value. Depreciation was charged by the straight-line method. The asset was sold after six years. Disposal costs came to $1000 and the profit on disposal was $3000. What was the sale price?

  • A$8000
  • B$9000
  • C$10000
  • D$13000

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