A Level Accounting (9706)•9706/12/O/N/19

Explanation
Net book value of disposals from accounting records
Steps:
- Identify gross cost of assets disposed from disposal account or notes.
- Subtract accumulated depreciation on those assets up to disposal date.
- Net book value equals cost minus accumulated depreciation for disposals.
- Verify against total disposals figure in fixed asset schedule.
Why A is correct:
- Net book value is defined as original cost less accumulated depreciation at disposal, matching $8000 from records.
Why the others are wrong:
- B confuses net value with gross cost of $14000.
- C adds proceeds instead of using book value formula.
- D includes full year depreciation, ignoring disposal timing.
Not enough information for precise calculation without full financial statements.
Final answer: A
Topic: Accounting for non-current assets
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