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?

Q: What is the correct answer to this A-Level Accounting question?

The correct answer is A: $3000.

Q: What topic does this question test?

This question tests Non-Current Assets and Depreciation in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

A$3000

B$5000

C$8000

D$15000

✓ Correct Answer

The correct answer is A: $3000

📋 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...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

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About This A-Level Accounting Question

Topic

This multiple-choice question tests Non-Current Assets and Depreciation in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Accounting May/June 2017 examination, Paper 1 Variant 2.

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