Extracts from Tom Ltd's Statement of financial positions are given below: At year- end At beginning of year £'000 Non-current assets 240 Accumulated depreciation 105 Net book value 135 Assuming there were no disposals within the year, which of the following statements is true? £'000 295 150 145 Select one: OA. During the year, the amount spent on the purchase of non-current assets was £295,000 and the depreciation charge for the year was £150,000. OB. During the year, the amount spent on the purchase of non-current assets was £55,000 and the depreciation charge for the year was £150,000. OC. During the year, the amount spent on the purchase of non-current asset purchases was £55,000 and the depreciation charge for the year was £45,000. OD. During the year, the amount spent on the purchase of non-current assets was £295,000 and the depreciation charge for the year was £45,000.

Extracts from Tom Ltd's Statement of financial positions are given below: At year- end At beginning of year £'000 Non-current assets 240 Accumulated depreciation 105 Net book value 135 Assuming there were no disposals within the year, which of the following statements is true? £'000 295 150 145 Select one: OA. During the year, the amount spent on the purchase of non-current assets was £295,000 and the depreciation charge for the year was £150,000. OB. During the year, the amount spent on the purchase of non-current assets was £55,000 and the depreciation charge for the year was £150,000. OC. During the year, the amount spent on the purchase of non-current asset purchases was £55,000 and the depreciation charge for the year was £45,000. OD. During the year, the amount spent on the purchase of non-current assets was £295,000 and the depreciation charge for the year was £45,000.

Name: Extracts from Tom Ltd's Statement of financial positions are given be
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Description: Extracts from Tom Ltd's Statement of financial positions are given below:At year-endAtbeginningof year£'000£'000Non-current assets295240Accumulated depreciation 150105Net book value145135Assuming there were no disposals within the year, which of the

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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