The carrying value of a company's non-current assets was $560,000 at 1 August 2014. During the year ended 31 July 2015, the company sold non-current assets for $30,000 on which it made a loss of $12,000. the depreciation for the year was $112,000. what was the carrying value of non-current assets at 31 July 2015?

SUGGESTED SOLUTIONS

	$		$
OB COST	560,000	DISPOSAL CARRYING VALUE	42,000
		ANNUAL DEPRECIATION	112,000
CLOSING COST	406,000

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