A-LevelAccountingAccounting for non-current assets9706/12 · Feb/Mar 2024 · Q51 Mark

What are the characteristics of non-current assets? 1 They are not intended for resale. 2 They provide future economic benefits. 3 They prevent the company from going out of business.

A1 and 2 only

B1 and 3 only

C2 and 3 only

D1, 2 and 3

✓ Correct answer

A: 1 and 2 only

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Topic: Accounting for non-current assets, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Feb/Mar 2024 Paper 1 Variant 2, question 5.

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