A-LevelAccountingNon-Current Assets and DepreciationMay/June 2021Paper 1 Q41 Mark
Two years ago a business purchased two machines costing $25000 each. During the third year one of them with a net book value of $16000 was sold. A new machine costing $30000 was purchased. Depreciation is charged at 20% per annum using the reducing balance method on all the assets owned at the end of the accounting period. What was the depreciation charge for the third year?
A$6000
B$9200
C$11000
D$12800
✓ 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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