A-LevelAccountingNon-Current Assets and DepreciationMay/June 2017Paper 1 Q41 Mark
The net book value of a company's non-current assets was as follows. $ at 1 January 2016 100000 at 31 December 2016 80000 During 2016 assets were sold for $20000, realising a profit on disposal of $5000. Depreciation charged for 2016 was $8000. What was the expenditure on new assets in 2016?
A$3000
B$5000
C$8000
D$15000
✓ Correct Answer
The correct answer is A. 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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