Use the Information Below to Answer the Following Questions:
the

question 38

Multiple Choice

Use the information below to answer the following questions:
The following information is taken from the accounts of Ray Ltd.
$\begin{array}{llcc}&\$\\ \text { Motor vehicles, 1 January 2012 } &620000 \\ \text {Motor vehicles, 31 December 2012 } &740000\\ \text {Accumulated depreciation } &\\ \text { - Motor vehicles, 1 January 2012 } &230000\\ \text {Accumulated depreciation } &\\ \text { - Motor vehicles, 31 December } &290000\\ \text {Depreciation expense } &\\ \text {- Motor vehicles, year ended 31 December 2012 } &1500\\ \text { Gain on sale of motor vehicle, } &\\ \text { year ended 31 December} &10000\\ \text { Acquisition of motor vehicles financed by loan} &\\ \text {to be paid in 5 years' time } &170000\\ \text { Cost price motor vehicles sold during the year } &130000\\\end{array}$


-What was the accumulated depreciation on motor vehicles sold during the year?

• A) $90 000
• B) $150 000
• C) $210 000
• D) $80 000.

---

Definitions:

Troops Lose

indicates a situation where military forces suffer defeat or experience significant losses.

Tet Offensive

A major military campaign during the Vietnam War in 1968, conducted by the North Vietnamese forces and Viet Cong, marking a turning point in public perception of the war.

Eugene McCarthy

An American politician and senator who played a significant role in the anti-Vietnam War movement by challenging the incumbent President in the 1968 Democratic primary.

Democratic Nomination

The process by which the Democratic Party selects its candidate for a particular elected office, often involving primaries and caucuses.