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O-LevelAccountingAccounting procedures7707/11 · May/June 2017 · Q301 Mark

Joyce depreciates her non-current assets using the straight-line method of depreciation, but she writes off any office equipment costing under $200 in the year of purchase. On 1 January 2016 she bought a printer, cost $120, which she expected to use for 3 years. The book value of her office equipment on 31 December 2016 was $24610. What would be the book value of her office equipment on 31 December 2016 if Joyce wrote off only office equipment costing under $100?

A$24490
B$24 530
C$24690
D$24730

✓ Correct answer

C: $24690

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About this question

Topic
Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, May/June 2017 Paper 1 Variant 1, question 30.

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