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VICAccountingQuick questions
Unit 4: Recording, reporting, budgeting and decision-making
Quick questions on Disposal of non-current assets (VCE Accounting Unit 4)
2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is carrying amount?Show answer
Carrying amount = cost 30,000 minus accumulated depreciation 22,000 = 8,000 dollars.
What is disposal account?Show answer
Disposal account totals: debit side 30,000; credit side 22,000 plus 5,000 = 27,000.
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