Accounting Multiple Choice Question – 17 March 2024

The carrying amount of Alex Trading Ltd’s non-current assets was £200,000 at 1 August 2022.

During the year ended 31 July 2023, the company sold non-current assets for £25,000 on which it made a
loss of £S,000.

The depreciation charge for the year was £20,000. The carrying amount of non-current assets at 31 July 2023 is?

Select ONE answer:

1. £150,000
2. £175,000
3. £180,000
4. £195,000

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 1

1. Correct –   ((200,000 – 20,000- 25,000 -5,000 = 150,000)
2. Not correct
3. Not correct
4. Not correct

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