O-LevelAccountingAccounting proceduresOct/Nov 2018Paper 1 Q131 Mark
Sally bought a non-current asset. It was to be used for 10 years, after which it would have no scrap value. Sally used the straight-line method of depreciation. Which statements are correct?
Aaccumulated depreciation after five years: equalled half of cost; annual depreciation charge: decreased each year
Baccumulated depreciation after five years: equalled half of cost; annual depreciation charge: was constant
Caccumulated depreciation after five years: was more than half of cost; annual depreciation charge: decreased each year
Daccumulated depreciation after five years: was more than half of cost; annual depreciation charge: was constant
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of accounting procedures within the Accountingsyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
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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