A-LevelAccountingFinancial Accounting (Non-Current Assets and Depreciation)May/June 2013Paper 1 Q181 Mark
A vehicle is sold for $1000. It had cost $6000 and $2800 depreciation had been provided on it. What is the profit or loss on disposal?
Aloss $2200
Bloss $4200
Cprofit $2200
Dprofit $4200
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of financial accounting (non-current assets and depreciation) 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...
🔒
Unlock the Examiner's Answer
Sign up for free to reveal the correct answer, the official mark scheme breakdown, and the examiner trap analysis for this question.
Sign Up Free to Unlock →Join thousands of Cambridge students already using Oracle Prep