A-LevelAccountingDepreciation and Non-Current AssetsMay/June 2010Paper 1 Q301 Mark
A business purchases a vehicle for $10 000. The business depreciates its non current (fixed) assets at 20% using the diminishing value method. What is the depreciation charge for year 2?
A$1600
B$2000
C$6400
D$8000
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of depreciation and non-current assets within the Accountingsyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
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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