Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  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...

60.1K

Verified Solution

Question

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

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Jobs' announcement was an example of the intelligent use of trade shows and Apple's experience with...

Operations Management
Q

A25.0 mL sample of 0.100 M NaOH is titrated with a 0.100 M HNO3 solution. Calculate...

Chemistry
Q

Chi-Square Analysis Worksheet MTH 160: Statistics Suppose the local state university wants to determine whether there is...

Basic Math
Q

on 7 E ed d out of parses SC BIOL1001 You are researching a bread...

Biology
Q

Match the types of energy with their correct description Match 000 Term Internal Energy Gravitational...

Biology
Q

Two tuning forks A and B lying on opposite sides of observer O and of...

Physics
Q

Use integration to find f 4 if 5x and f 1 7 dx O 26...

Calculus
Q

Find a basis for the solution space of the following homogeneous linear system of equations....

Algebra
Q

Selected financial information for Goulden Gifts: Using a 365-day year, what is the days of...

Accounting
Q

Liz Raiborn Incorporated has the following financial results for the years 2022 through 2024 for...

Accounting
Q

Balanced Manufacturing makes a product that uses a material with the quantity standard of 9.5...

Accounting
Q

Create an Excel file to show the budgets and calculations for the questions below. Assume...

Accounting