The carrying amount of a company's non-current assets was $200,000 at 1 August 20X0.
During the year ended 31 July20X1, the company sold non-current assets for $25,000 on which it made a loss of $5,000.
The depreciation charge for theyear was $20,000.
What was the carrying amount of noncurrent assets at 31 July 20X1?
???????????????????????????????????????????????????????????????? ?$?????????????????????????????????????? ?$
Carrying amount at 1st August 20X0????????????????????????????????????????????? ? 200,000
Less depreciation???????????????????????????????????????????????????????????????????????????? ?(20,000)
Proceeds????????????????????????????????????????????????? ?25,000
Loss?????????????????????????????????????????????????????????? 5,000
Therefore carrying amount??????????????????????????????????????????????????????????????? (30,000)
????????????????????????????????????????????????????????????????????????????????????????????????????????? 150,000
多做幾道
Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal
use?
Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal
use?
According to the IASB's Conceptual Framework for Financial Reporting, which TWO of the following are part of faithful
representation?1 It is neutral2 It is relevant3 It is presented fairly4 It is free from material error
Which of the following accounting concepts means that similar items should receive a similar accounting treatment?
Listed below are some characteristics of financial information.1 Relevance2 Consistency3 Faithful representation4 Accuracy
Which of these are qualitative characteristics of financial information according to the IASB's Conceptual Framework for
Financial Reporting?
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