Question
An organisation's asset register shows a carrying value of $145,600. The non-current asset account in the nominal ledger shows a carrying value of $135,600. The
An organisation's asset register shows a carrying value of $145,600. The non-current asset account in the nominal ledger shows a carrying value of $135,600. The difference could be due to a disposed asset not having been deducted from the asset register. Which one of the following could represent that asset? A B C D Asset with disposal proceeds of $15,000 and a profit on disposal of $5,000 Asset with disposal proceeds of $15,000 and a carrying value of $5,000 Asset with disposal proceeds of $15,000 and a loss on disposal of $5,000 Asset with disposal proceeds of $5,000 and a carrying value of $5,000 (2 marks)
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