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The non-current assets of a business are shown. During the year,...

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Accounting

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The non-current assets of a business are shown. During the year, non-current assets costing $110000 were bought. In addition, a non-current asset with accumulated depreciation of $13500 and net book value of $13500 was sold resulting in a loss of $3500. What was the annual depreciation charge at the end of the year? 3 Helping hand: Annual depreciation at end of year =20% cost of asset at end of year Exclude 3, and space from your answer. Example $88,500 is 88500 Anwwer

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