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?
A$9000
B$10000
C$15000
D$20000
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of depreciation and disposal of non-current assets 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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