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O-LevelAccountingAccounting procedures7707/12 · Oct/Nov 2020 · Q161 Mark

Rashid provided the following information at 31 December. $ machinery at cost 52 000 provision for depreciation of machinery 23 000 Depreciation for the year is calculated at 20% on cost. After the statement of financial position was prepared it was found that the machinery repairs costing $2000 had been debited to the machinery account. What is the correct balance on the provision for the depreciation of machinery account?

A$21000
B$22 600
C$23400
D$25000

✓ Correct answer

B: $22 600

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About this question

Topic
Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, Oct/Nov 2020 Paper 1 Variant 2, question 16.

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