A-LevelAccountingAccounting for non-current assets9706/12 · Oct/Nov 2016 · Q41 Mark

A printing company installed a large printing press. Which costs are capital expenditure in the first year of its operation? 1 installation of the press 2 depreciation of the press 3 repairs to the press 4 upgrades to the press

A1 and 2

B1 and 4

C2 and 3

D3 and 4

✓ Correct answer

B: 1 and 4

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Topic: Accounting for non-current assets, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2016 Paper 1 Variant 2, question 4.

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