CIMA Exam CIMAPRA17-BA3-1 Topic 1 Question 110 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam

Question #: 110
Topic #: 1

A non-current asset was purchased for 240000 at the beginning of Year 1, with an expected life of 7 years and a residual value of 50000. It was depreciated by 20% per annum using the reducing balance method.

At the beginning of Year 4 it was sold for 100000. The result of this was:

AA loss on disposal of 2720

BA loss on disposal of 22880

CA profit on disposal of 50000

DA profit on disposal of 58571

Show Suggested Answer

Suggested Answer: B

by Cassie at Apr 06, 2025, 04:15 PM

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Ethan

13 days ago

I think the answer is B) A loss on disposal of 22880.

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