A-LevelAccountingDepreciation and Disposal of Non-Current AssetsFeb/Mar 2018Paper 1 Q41 Mark

The following information relates to a motor vehicle part-exchanged for a new vehicle in the year. $ cost of old vehicle 20000 accumulated depreciation at the date of sale 8000 profit on disposal 3000 cost of new vehicle 25000 The balance payable for the new vehicle was paid from the business bank account. How much was the payment from the bank account?

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

The correct answer is B: $10000.

Q: What topic does this question test?

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

A$9000

B$10000

C$15000

D$20000

✓ Correct Answer

The correct answer is B: $10000

📋 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 Depreciation and Disposal of Non-Current Assets in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Accounting Feb/Mar 2018 examination, Paper 1 Variant 2.

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