A-LevelAccountingNon-Current Assets and DepreciationFeb/Mar 2023Paper 1 Q61 Mark
Non-current assets at the end of Year 1 were recorded at cost, $500000, and carrying value, $360000. During Year 2, certain assets were sold. They had originally cost $100000 and had been depreciated by $40000. The depreciation charge for the remaining non-current assets in Year 2 was $30000. What was the carrying value of non-current assets at the end of Year 2?
A$270000
B$300 000
C$330 000
D$370000
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of non-current assets and depreciation 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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