A-LevelAccountingDepreciation and Disposal of Non-Current AssetsMay/June 2015Paper 1 Q61 Mark
A business depreciates its non-current assets at 20% using the straight-line method. Depreciation is calculated on a time basis in the year of acquisition and disposal. $ non-current assets, at cost, 31 December 2013 200 000 purchase of machinery 1 January 2014 50000 disposal of machinery 30 September 2014 40000 non-current assets, at cost, 31 December 2014 210000 What is the depreciation charge for non-current assets for the year ended 31 December 2014?
A$42000
B$48000
C$50000
D$52000
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of depreciation and disposal of 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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