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  3. 8. the net book value of a companys fixed assets w

8. The Net Book Value of a companys fixed assets was 200,000 at 1st August...

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Accounting

8. The Net Book Value of a companys fixed assets was 200,000 at 1st August 20x0. During the year ended 31st July 20x1, the company sold an asset for 25,000 on which it made a loss on disposal of 5,000. The depreciation charge for the year was 20,000. The Net Book Value of fixed assets at 31st July 20x1 is A 150,000 B 175,000 C 180,000 D 195,000

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