O-LevelAccountingAccounting procedures7707/11 · May/June 2014 · Q151 Mark

Bola provided the following information about her delivery van. cost $12800 net book value at end of year 1 $8960 net book value at end of year 2 $6272 How did Bola depreciate her van?

Amethod: diminishing (reducing) balance, annual rate %: 30

Bmethod: diminishing (reducing) balance, annual rate %: 70

Cmethod: straight line, annual rate %: 30

Dmethod: straight line, annual rate %: 70

✓ Correct answer

A: method: diminishing (reducing) balance, annual rate %: 30

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2014 Paper 1 Variant 1, question 15.

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