O-LevelAccountingAccounting proceduresOct/Nov 2021Paper 1 Q141 Mark
Two companies each purchased a motor vehicle for $10000 at the beginning of year 1. Company G used the straight-line method of depreciation at a rate of 15% per annum, while Company H used the reducing balance method at a rate of 20% per annum. What was the difference in the depreciation charge between the two companies for year 2?
A$100 greater for G
B$100 greater for H
C$500 greater for G
D$500 greater for H
✓ 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...
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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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