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A company has non-current assets with a net book value totaling $820,000 at the start of the year. Assets costing $95,000 was disposed of. These
A company has non-current assets with a net book value totaling $820,000 at the start of the year. Assets costing $95,000 was disposed of. These assets were held for three years at a straight-line depreciation rate of 20%. The depreciation charge for the year was $150,000. If the closing balance for the total non- current assets (at net book value) at the end of the year was $975,000, what value of new assets were purchased during the year? Select one: O a. $400,000 O b. $343,000 O c. $193,000 O d. $230,000
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