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QUESTION 50
At the 30 September 20X8 Peter had non-current assets with a carrying value of $450,000.
At the 30 September 20X9 the non-current assets carrying value was $530,000.
During the year a non-current asset was sold for $5,000. This created a profit of £1,500.
Depreciation on all non-current assets during the year amounted to $22,000.
Assuming these were the only adjustments to non-current assets during the year what were
the additions to non-current assets during the year to 30 September 20X9?
A $105,500
B $ 98,500
C $ 54,500
D None of the above
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