Accounting 0452 · IGCSE · Accounting for depreciation and disposal of non-current assets

Accounting for depreciation and disposal of non-current assets — practice question

A motor van first cost $11500 and had been depreciated by $9000. The van was then sold for $2750. How should the profit or loss arising from the sale of the van be shown in the disposal account?

  • A$250 credit
  • B$250 debit
  • C$2500 credit
  • D$2500 debit

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