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

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

An asset that had an original cost of $20000 had accumulated depreciation of $15000 when it was sold for $3000. Which entry would appear in the disposal account to show the amount transferred to the income statement?

  • A$2000 credit
  • B$2000 debit
  • C$8000 credit
  • D$8000 debit

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