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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.
Suggested Answer: A
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26 comments · newest first
GE
Georgene
2 months ago
I feel option D is too low for the values given.
PE
Pete
2 months ago
Option A seems right. Profit on disposal is logical here.
CH
Chauncey
2 months ago
I lean towards option C. Loss on disposal fits the difference.
RO
Rolland
2 months ago
I think it's option B. Makes sense with the values.
CH
Chantell
2 months ago
I'm with option D. The numbers add up nicely for that choice.
KE
Kenda
3 months ago
Option A seems right. Profit on disposal is logical here.
GL
Glenn
3 months ago
I lean towards option C. A loss on disposal fits the difference.
AN
Annett
3 months ago
I think option B makes sense. The net book value matches.
JA
Jarvis
3 months ago
I prefer option D. It’s straightforward with equal values.
AL
Alyce
3 months ago
Option A seems plausible too. Profit on disposal could explain it.
TO
Torie
3 months ago
I lean towards option C. A loss on disposal fits the scenario.
DO
Dong
4 months ago
I think option B makes sense. The net book value matches the difference.
JE
Jerrod
4 months ago
Definitely a disposal issue, but I lean towards option C.
AD
Adelina
4 months ago
I’m not sure about that, seems like a mistake in the register.
JO
Johna
6 months ago
Wait, how can there be a profit and a loss at the same time?
EL
Elliot
6 months ago
I think it's option B, that makes the most sense.
AM
Amina
6 months ago
The net book value difference is 20,000.
PO
Pok
6 months ago
I’m surprised by how much detail is in this question!
AR
Ardella
6 months ago
Definitely not option D, that doesn't add up.
FA
Fatima
6 months ago
Wait, how can there be a profit and a loss at the same time?
SU
Susana
7 months ago
I think it's option B, makes the most sense.
MA
Marguerita
7 months ago
The net book value difference is 20,000.
LA
Lashon
7 months ago
I feel like option C makes sense because a loss on disposal could explain the discrepancy, but I’m not entirely confident.
SH
Sherrell
7 months 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?
KE
Kenneth
7 months 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.
MA
Margurite
7 months 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.