O-LevelAccountingAccounting procedures7707/11 · May/June 2025 · Q151 Mark

Atif depreciates his motor vehicles at a rate of 20% per annum, using the reducing balance method. On 1 May 2024, Atif owned motor vehicles which had cost $35000. The accumulated depreciation on these motor vehicles was $12600 on 1 May 2024. What will be the balance on Atif's provision for depreciation account on 30 April 2025?

A$17080

B$17920

C$22400

D$26 880

✓ Correct answer

A: $17080

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2025 Paper 1 Variant 1, question 15.

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