A Level Accounting (9706)•9706/13/M/J/18
Explanation
Insufficient information to determine disposal proceeds Steps:
- Opening NBV + additions - depreciation - NBV disposed (D) = closing NBV
- 9,000 - D = $15,000
- Additions - D = $9,000
- Additions = $9,000 + D
- Disposal proceeds = D + profit = D + $1,000
- Without additions given, D and proceeds cannot be calculated.
Why C is correct:
- Not applicable; calculation requires missing additions data.
Why the others are wrong:
- A, B, D: All impossible without knowing additions to solve for D.
Final answer: Not enough information.
Topic: Accounting for non-current assets
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