A-LevelAccountingAccounting for non-current assets9706/12 · Oct/Nov 2025 · 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

D: $3306

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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 2025 Paper 1 Variant 2, question 7.

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