- This topic has 3 replies, 2 voices, and was last updated 4 years ago by
.
Viewing 4 posts - 1 through 4 (of 4 total)
- Posts
a business non current asset had a carrying amount of 125000. An asset had a cost of 12000 was sold for 9000 at a profit of 2000. what is revised carry amt?
can you please explain its solution regarding why do have to substract 2000 from 9000?
If the asset was sold for 9,000 then for the profit to be 2,000 it means that the carrying value (net book value) must have been 7,000.
Have you watched my free lectures on non-current assets?
Viewing 4 posts - 1 through 4 (of 4 total)
- You must be logged in to reply to this topic.