# accn3 help

#1
I'm doing a question on schedule of non current assets from the June 2013 paper and need help working out the original cost of a vehicle

The point says "a motor vehicle with a net book value of £18450 was sold during the year for £15000. It was originally purchased on 1 may 2010"

My year is for 30 April 2013

Depreciation is charged in the year of purchase but not in the year of disposal.

Depreciated using reducing balance at 25% per annum

Info about motor vehicles last year was:
cost: 112500
Depreciation: 49200
NBV: 63300

If anyone has the mark scheme that would be great
0
8 years ago
#2
Hi there,

While you're waiting for an answer, did you know we have 300,000 study resources that could answer your question in TSR's Learn together section?

We have everything from Teacher Marked Essays to Mindmaps and Quizzes to help you with your work. Take a look around.

If you're stuck on how to get started, try creating some resources. It's free to do and can help breakdown tough topics into manageable chunks. Get creating now.

Thanks!

Not sure what all of this is about? Head here to find out more.
0
8 years ago
#3
£ £
Cost 112,500 Depreciation 49,200
Addition 24,950 Charge 17,450 (63,300 + 24,950 - 18450 x 25%)
Disposal 18,450 Elimination (9,225) (18450 x 25% x 2)
______ on Disposal _______
At 30 April 2013 119,000 57,425 = £61,575 NBV
0
#4
Thanks!

Posted from TSR Mobile
0
X

new posts
Back
to top
Latest
My Feed

### Oops, nobody has postedin the last few hours.

Why not re-start the conversation?

see more

### See more of what you like onThe Student Room

You can personalise what you see on TSR. Tell us a little about yourself to get started.

### Poll

Join the discussion

#### Were exams easier or harder than you expected?

Easier (21)
27.63%
As I expected (23)
30.26%
Harder (28)
36.84%
Something else (tell us in the thread) (4)
5.26%