A-LevelAccountingAccounting for non-current assets9706/12 · Oct/Nov 2025 · Q61 Mark
A business charges depreciation on its property using the straight-line method. At the start of the year, the business revalued its property upwards with the useful life remaining unchanged. What is the change to the expenses and carrying value of the property at the end of the current year compared to the previous year? expenses carrying value of property A decrease decrease B decrease increase C increase decrease D increase increase
Adecrease, decrease
Bdecrease, increase
Cincrease, decrease
Dincrease, increase
✓ Correct answer
D: increase, increase
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