A-LevelAccountingNon-Current Assets and DepreciationMay/June 2017Paper 1 Q31 Mark
Amitav purchased a van costing $20000. He provided an old van with a net book value of $8000 in part exchange. There was a profit on disposal of $1500. What was the cash outflow arising from the purchase?
A$9500
B$10500
C$12000
D$13500
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of 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...
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