An organisation's asset register shows a net book value of $145,600. The non-current asset account in...

 

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An organisation's asset register shows a net book value of $145,600. The non-current asset account in the nominal ledger shows a net book value of $135,600. The difference could be due to a disposed asset not having been deducted from the asset register. Which one of the following could represent that asset? ABCD Asset with disposal proceeds of $15,000 and a profit on disposal of $5,000 Asset with disposal proceeds of $15,000 and a net book value of $5,000 Asset with disposal proceeds of $15,000 and a loss on disposal of $5,000 Asset with disposal proceeds of $5,000 and a net book value of $5,000 (2 marks) An organisation's asset register shows a net book value of $145,600. The non-current asset account in the nominal ledger shows a net book value of $135,600. The difference could be due to a disposed asset not having been deducted from the asset register. Which one of the following could represent that asset? ABCD Asset with disposal proceeds of $15,000 and a profit on disposal of $5,000 Asset with disposal proceeds of $15,000 and a net book value of $5,000 Asset with disposal proceeds of $15,000 and a loss on disposal of $5,000 Asset with disposal proceeds of $5,000 and a net book value of $5,000 (2 marks)

Answer rating: 100% (QA)

Step 1 We have the following information An organisat... View the full answer