A-LevelAccountingNon-current Assets and DepreciationOct/Nov 2017Paper 1 Q31 Mark
A company's year end is 30 April. It purchases a factory in May 2014 at a cost of $200000. The factory will be depreciated over 20 years. A full year's depreciation is charged in the year of purchase. In May 2017 the factory is revalued at $300 000. How much should be included in the revaluation reserve account?
A$100000
B$120000
C$130000
D$140000
✓ Correct Answer
The correct answer is C. 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...
🔒
Unlock the Examiner's Answer
Sign up for free to reveal the correct answer, the official mark scheme breakdown, and the examiner trap analysis for this question.
Sign Up Free to Unlock →Join thousands of Cambridge students already using Oracle Prep