快速查题-ACCA英国注册会计师试题

Gusna Co purchased a building on 31 December 20X1 for $750,000. At the date of acquisition, the useful life of the building

was estimated to be 25 years and depreciation is calculated using the straight-line method. At 31 December 20X6, an

independent valuer valued the building at $1,000,000 and the revaluation was recognised in the financial statements.

Gusna’s accounting policies state that excess depreciation arising on revaluation of non-current assets can be transferred

from the revaluation surplus to retained earnings.

What is the depreciation charge on the building for the year ended 31 December 20X7?

Gusna Co purchased a building on 31 December 20X1 for $750,000. At the date of acquisition, the useful life of the building

was estimated to be 25 years and depreciation is calculated using the straight-line method. At 31 December 20X6, an

independent valuer valued the building at $1,000,000 and the revaluation was recognised in the financial statements.

Gusna’s accounting policies state that excess depreciation arising on revaluation of non-current assets can be transferred

from the revaluation surplus to retained earnings

What is the journal entry to record the transfer of excess depreciation from

the revaluation surplus to retained earnings?

Which of the following should be disclosed for tangible non-current assets according to IAS 16 Property, p丨ant

andequipment?

1 Depreciation methods used and the total depreciation allocated for the period

2 A reconciliation of the carrying amount of non-current assets at the beginning and end of the period

3 For revalued assets, whether an independent valuer was involved in the valuation

4 For revalued assets, the effective date of the revaluation

Which of the following should be included in the reconciliation of the carrying amount of tangible non- current assets at the

beginning and end of the accounting period?

1 Additions

2Disposals

3 Depreciation

4 Increases/decreases from revaluations

A car was purchased by a newsagent business in May 20X0 for：      $

Cost                                                                                                  10,000

Road tax                                                                                              150

Total                                                                                                  10,150

The business adopts a date of 31 December as its year end.

The car was traded in for a replacement vehicle in August 20X3 at an agreed value of $5,000.It has been depreciated at 25% per annum on the reducing balance method, charging a full year's depreciation in the year of purchase and none in the year of sale

What was the profit or loss on disposal of the vehicle during the year ended December 20X3?

The carrying amount of a company's non-current assets was $200,000 at 1 August 20X0.

During the year ended 31 July20X1, the company sold non-current assets for $25,000 on which it made a loss of $5,000.

The depreciation charge for theyear was $20,000.

What was the carrying amount of noncurrent assets at 31 July 20X1?

A trader's net profit for the year may be computed by using which of the following formulae?

The profit earned by a business in 20X7 was $72,500. The proprietor injected new capital of $8,000 during the year and

withdrew goods for his private use which had cost $2,200. If net assets at the beginning of 20X7 were $101,700, what were

the closing net assets?

The profit made by a business in 20X7 was $35,400. The proprietor injected new capital of $10,200 during the year and

withdrew a monthly salary of $500.If net assets at the end of 20X7 were $95,100, what was the proprietor's capital at the

beginning of the year？

A sole trader took some goods costing $800 from inventory for his own use. The normal selling price of the goods is $1,600.

Which of the following journal entries would correctly record this?

Dr Cr $ $