CIMAPRA17-BA3-1 Exam - Topic 1 Question 122 Discussion

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

Question #: 122
Topic #: 1

At the end of the year, the non-current asset register showed assets with a net book value of 170,300. The non-current asset accounts in the nominal ledger showed a net book value of 150,300.

The difference could be due to a disposed asset not having been removed from the non-current asset register, which had.

ADisposal proceeds of 25,000 and a profit on disposal of 5,000

BDisposal proceeds of 25,000 and a net book value of 5,000

CDisposal proceeds of 25,000 and a loss on disposal of 5,000

DDisposal proceeds of 10,000 and a net book value of 10,000

Show Suggested Answer

Suggested Answer: A

by Brittni at Mar 04, 2026, 05:14 AM

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Susana

24 hours ago

I think it's option B, makes the most sense.

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Marguerita

6 days ago

The net book value difference is 20,000.

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Lashon

11 days ago

I feel like option C makes sense because a loss on disposal could explain the discrepancy, but I’m not entirely confident.

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Sherrell

16 days ago

If the asset was disposed of and the net book value was 5,000, then the proceeds would have to be 25,000 for option B to make sense, right?

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Kenneth

22 days ago

I think the difference of 20,000 between the registers suggests that an asset was disposed of, but I can't recall how to determine the right option.

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Margurite

27 days ago

I remember we practiced a similar question about asset disposals, but I’m not sure if the profit or loss affects the net book value directly.

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