A-LevelAccountingDepreciation and Non-Current AssetsFeb/Mar 2019Paper 1 Q41 Mark
A business provides the following information. $ cheque paid in 2018 for equipment bought in 2017 15000 equipment purchased on credit in 2018 42000 net book value of equipment at 1 January 2018 83000 net book value of equipment at 31 December 2018 67000 What was the depreciation charge in the income statement for the year ended 31 December 2018?
A$16000
B$31000
C$43000
D$58000
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of depreciation and 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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