non current assetsForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › non current assetsThis topic has 1 reply, 2 voices, and was last updated 3 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts September 16, 2021 at 6:12 pm #635845 Ashutosh770ParticipantTopics: 9Replies: 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 MoffatKeymasterTopics: 57Replies: 54470☆☆☆☆☆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.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In