The net book value of this asset will now disappear from the register (£30,000 - £19,500) = £10,500 The new balance on the non-current asset register is £134,920 - £10,500 = £124,420
A non-current asset register showed a net book value of £134,920. A non-current asset costing £30,000 had been sold for £8,000, making a loss on disposal of £2,500. No entries had been made in the non-current asset register for this disposal.
The balance on the non-current asset register is:

Question

Quizplus · Accepted Answer

The correct balance on the non-current asset register after accounting for the disposal is £124,420, as calculated by subtracting the net book value of the disposed asset (£10,500) from the original balance (£134,920).

The Net Book Value of This Asset Will Now Disappear