The Following Information Is Taken from the Accounts of Spratt

question 2

Multiple Choice

The following information is taken from the accounts of Spratt Ltd. What was the accumulated depreciation on plant sold during the year?

• A) $32 000
• B) $42 000
• C) $52 000
• D) None of the above

---

Definitions:

Strategic Goal

A strategic goal is a long-term, overarching target that an organization aims to achieve, guiding decision-making and resource allocation.

Financial Structures

The specific mixture of long–term debt and equity that a company uses to finance its operations and growth.

Equity

Equity represents an owner's share in the assets of a company, remaining after deducting liabilities.

Debt

Debt is an amount of money borrowed by one party from another, under the condition that it is to be repaid at a later date, usually with interest.