The Net Book Value of a Company's Non-Current Assets Was

Multiple Choice

The net book value of a company's non-current assets was £400,000 at 1 January 20X0. During the year to 31 December 20X0 the company sold non-current assets for £50,000, incurring a loss of £10,000. The depreciation charge for the year was £40,000. What was the net book value of the non-current assets at 31 December 20X0?

A) £300,000
B) £310,000
C) £320,000
D) £360,000