Accounting Multiple Choice Question – 1 March 2022

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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The following information relates to the disposal of a non-current asset.

  • profit on disposal – £5 200
  • cost of non-current asset sold – £14 400
  • sales proceeds – £6 800

What was the accumulated depreciation on the non-current asset sold?

Select ONE answer:

  1. £1,600
  2. £2,400
  3. £7,600
  4. £12,800

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 4

  1. Not correct
  2. Not correct
  3. Not correct
  4. Correct ==> £14,400 + £5,200 – £6,800

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