A company had a non-current asset which cost $\$ 370000$. The asset had a 10-year useful life and
an estimated residual value of $\$ 20000$. A full year’s charge for depreciation is made in every year
of use.
After four years the asset was sold. The loss on disposal was $\$ 30000$ and disposal costs were $\$ 10000$.
What were the sale proceeds?
1 )
$192000
2 )
$200000
3 )
$202000
$210000
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