O-LevelAccountingAccounting procedures7707/12 · Oct/Nov 2022 · Q131 Mark

Wentile purchased a motor vehicle for $35000. He estimated it would be used for five years and then sold for $5000. Wentile depreciated the motor vehicle using the straight-line method at a rate of 20% per annum. What was the accumulated depreciation on this motor vehicle at the end of year 2?

A$10800

B$12000

C$12600

D$14000

✓ Correct answer

B: $12000

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2022 Paper 1 Variant 2, question 13.

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