A-LevelAccountingAccounting for non-current assets9706/12 · Oct/Nov 2023 · Q41 Mark

A business purchased a shop and incurred the following costs. purchase price of the shop $680 000 legal fees incurred in the purchase of the shop $7 200 cost of initial inventory $12 500 cost of installing air conditioning $47 300 What was the total capital expenditure?

A$680000

B$687 200

C$734 500

D$747000

✓ Correct answer

C: $734 500

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Topic: Accounting for non-current assets, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2023 Paper 1 Variant 2, question 4.

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A business purchased a shop and incurred the following costs. purchase price of the shop $680 000 legal fees incurred in the purchase of the shop $7 200 cost of initial inventory $12 500 cost of installing air conditioning $47 300 What was the total capital expenditure?

✓ Correct answer

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