A-LevelAccountingDepreciation and Non-Current AssetsMay/June 2016Paper 1 Q21 Mark
A company's financial year ends on 31 December. On 1 April 2015, the following payments relating to a new machine were made. purchase cost $50000 installation $10000 Machinery is depreciated at 20% on cost per annum, calculated from the date of purchase. What was the depreciation of the new machine for the year ended 31 December 2015?
A$7500
B$9000
C$10000
D$12000
✓ Correct Answer
The correct answer is B. 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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