• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • FIA Forums
  • CIMA Forums
  • OBU Forums
  • Qualified Members forum
  • Buy/Sell Books
  • All Forums
  • Latest Topics

BPP Black Friday sale!

40% discount on all BPP books specially for OpenTuition students!
Get it here >>

non current assets

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › non current assets

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • September 16, 2021 at 6:12 pm #635845
    Ashutosh770
    Participant
    • Topics: 9
    • Replies: 10
    • ☆

    A business’ non?current assets had a carrying amount of $125,000. An asset which had cost
    $12,000 was sold for $9,000, at a profit of $2,000.
    What is the revised carrying amount of non?current assets?

    – i dont know how do i calculate the answer

    September 17, 2021 at 8:05 am #635866
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54787
    • ☆☆☆☆☆

    If it was sold for 9,000 and that gave a profit of 2,000, then the carrying value of the asset sold must have been 9,000 – 2,000 = 7,000.

    Therefore the carrying value of the assets remaining must be 125,000 – 7,000 = 118,000.

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • tkhue3296 on CIMA B3 Introduction to Accounting
  • John Moffat on Risk and Uncertainty – Expected Values – CIMA P2
  • John Moffat on Discounted Cash Flow – Annuities and Perpetuities – ACCA Financial Management (FM)
  • Sarah461422 on Risk and Uncertainty – Expected Values – CIMA P2
  • Memon on The Management Accountant’s Profit Statement – Absorption Costing – ACCA (MA)

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in