A-LevelAccountingNon-Current AssetsOct/Nov 2025Paper 1 Q71 Mark
X Limited purchased a property for $100 000 on 1 January 2010. The property had an expected useful life of 50 years. On 1 January 2024, the property was revalued at $119000. The total estimated useful life still remained 50 years from 1 January 2010. What is the charge for depreciation for the year ended 31 December 2024?
A$2000
B$2380
C$2778
D$3306
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of non-current assets within the Accountingsyllabus. The examiner's mark scheme requires...
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Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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