On 31 December 2014 an Aeroplane with a Cost of $200

question 43

Multiple Choice

On 31 December 2014 an aeroplane with a cost of $200 000 has accumulated depreciation written off of $90 000. If it was sold for $130 000 on 1 January 2015 how much will be recorded as the expense carrying-value on the disposal of the plane?

• A) $200 000
• B) $130 000
• C) $110 000
• D) $90 000

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