快速查题-ACCA英国注册会计师试题

B acquired a lorry on 1 May 20X0 at a cost of $30,000. The lorry has an estimated useful life of four years, and an estimated

resale value at the end of that time of $6,000. B charges depreciation on the straight line basis, with a proportionate charge in

the period of acquisition.

What will the depreciation charge for the lorry be in B's accounting period to 30 September 20X0?

At 31 December 20X3 Q, a limited liability company, owned a building that had cost $800,000 on 1 January 20W4.It was being depreciated at 2% per year.

On 31 December 20X3 a revaluation to $1,000,000 was recognised. At this date the building had a remaining useful life of 40 years.

What is the balance on the revaluation surplus at 31 December 20X3 and the depreciation charge in the statement of profit orloss for the year ended 31 December 20X4?

Depreciation charge for year ended                                        Revaluation surplus as at 31

31 December 20X4 (statement of profit or loss)                      December 20X3 (statement of financial position)

$                                                                                                      $

Which of the following best explains what is meant by 'capital expenditure'?

Which of the following costs would be classified as capital expenditure for a restaurant business?

Which one of the following costs would be classified as revenue expenditure on the invoice for a new company car?

Lance is entering an invoice for a new item of equipment in the accounts. The invoice shows thefollowing costs:

Water treatment equipment $39,800

Delivery $1,100

Maintenance charge $3,980

Sales tax $7,854

Invoice total $ 52,734

Lance is registered for sales tax.

What is the total value of capital expenditure on the invoice?

Which one of the following assets may be classified as a non-current asset in the financial statements of a business?

Which of the following items should be included in current assets?

(i) Assets which are not intended to be converted into cash

(ii) Assets which will be converted into cash in the long term

(iii) Assets which will be converted into cash in the near future

Which of the following statements describes current assets?

Gamma purchases a motor vehicle on 30 September 20X1 for $15,000 on credit. Gamma has a policy of depreciating

motorvehicles using the reducing balance method at 15% per annum, pro rata in the years of purchase and sale.

What are the correct ledger entries to record the purchase of the vehicle at 30 September 20X1 and what is the

depreciationcharge for the year ended 30 November 20X1?Purchase of motor vehicle on 30.9.X1 Depreciation charge for

year ended 30.11.X1