The following information relates to the fixed assets of a business. Depreciation is calculated on the reducing
Question:
The following information relates to the fixed assets of a business.
Depreciation is calculated on the reducing balance basis at the rate of 30%. What was the net book value of the assets that were disposed of in the year ended 31 March 2003?
A. $11 400
B. $16 800
C. $18 400
D. $25 400
Transcribed Image Text:
Cost at 1 April 2002 Accumulated depreciation at 1 April 2002 Fixed assets purchased in year ended 31 March 2003 Depreciation charged for the year ended 31 March 2003 $ 32 000 13 600 7.000 4 200
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