O-LevelAccountingAccounting proceduresOct/Nov 2010 · Q191 Mark

Zafar purchased a motor vehicle for $4800. He estimated the residual value will be $300. Zafar decided to write off the motor vehicle over 4 years. What was the net book value of the motor vehicle after 2 years? A $2100 B $2250 C $2400 D $2550

Mark scheme

Marking points from the official mark scheme (Oct/Nov 2010). The mark or mark type is shown in brackets.

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Structured question, 1 mark.
Source: O-Level Accounting, Oct/Nov 2010 Variant 1, question 19.

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