A-LevelAccountingDepreciation and Non-Current AssetsMay/June 2016Paper 1 Q41 Mark
A building was purchased for $500000. The following costs were also incurred. $ adapting the new building 50000 legal fees for the building purchase 5000 cleaning the building 4000 salary of building manager 20000 What was the capital cost of the building?
A$550000
B$555000
C$559000
D$579000
✓ 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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