A-LevelAccountingPreparation of financial statements9706/12 · May/June 2017 · Q151 Mark

Which statement describes the treatment of purchased goodwill for a limited company?

Atangible non-current asset that can be amortised

Btangible non-current asset that can be depreciated

Can intangible non-current asset that can be amortised

Dan intangible non-current asset that can be depreciated

✓ Correct answer

C: an intangible non-current asset that can be amortised

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2017 Paper 1 Variant 2, question 15.

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