A-LevelAccountingAccounting for non-current assets9706/12 · May/June 2016 · 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

B: $555000

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About this question

Topic: Accounting for non-current assets, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2016 Paper 1 Variant 2, question 4.

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