职上网在线题库 > ACCA英国注册会计师试题 > F3 > Chapter7-8 > B acquired...

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?

A

$3,000

B

$2,500

C

$2,000

D

$5,000

扫码查看暗号，即可获得解锁答案！

在此输入暗号

点击获取答案

Chapter8Tangiblenon-currentassets

$30,000-$6,000 4years

____________ X _______

5months 12 months =$2,500

多做几道

Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal

use?

A

The fair presentation concept

B

The accruals concept

C

The going concern concept

D

The business entity concept

Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal

use?

A

The fair presentation concept

B

The accruals concept

C

The going concern concept

D

The business entity concept

According to the IASB's Conceptual Framework for Financial Reporting, which TWO of the following are part of faithful

representation?1 It is neutral2 It is relevant3 It is presented fairly4 It is free from material error

A

1 and 2

B

2 and 3

C

1 and 4

D

3 and4

Which of the following accounting concepts means that similar items should receive a similar accounting treatment?

A

Going concern

B

Accruals

C

Matching

D

Consistency

Listed below are some characteristics of financial information.1 Relevance2 Consistency3 Faithful representation4 Accuracy

Which of these are qualitative characteristics of financial information according to the IASB's Conceptual Framework for

Financial Reporting?

A

1 and 2 only

B

2 and 4 only

C

3 and 4 only

D

1 and 3 only

最新试题

该科目易错题

该题目相似题

Listed below are some characteristics of financial information.1 Relevance2 Consistency3 Faithful representation4 AccuracyWhich of these are qualitative characteristics of financial information according to the IASB's Conceptual Framework for Financial Reporting?A1 and 2 onlyB2 and 4 onlyC3 and 4 onlyD1 and 3 only
Smith Co has the following transactions:1 Purchase of goods on credit from T Rader: $4502 Return of goods purchased on credit last month to T Rouble: $700What are the correct ledger entries to ?ADr Purchases $450 Dr Purchase Returns $700 Cr Cash $450 Cr Trade Payables $700BDr Purchases $450 Dr Trade Payables $700 Cr Purchase Returns $1,150 CDr Purchases $450 Dr Trade Payables $250 Cr Purchase Returns $700DDr Purchase Returns $700 Dr Purchases $450 Cr Trade Payables $1,150
The following totals appear in the day books for March 20X8. $Sales day book 40,000Purchases day book 20,000Returns inwards day book 2,000Returns outward day book 4,000Opening and closing inventories are both $3,000. What is the gross profit for March 20X8?A$22,000B$24,000C$20,000D $18,000
A company purchased an asset on 1 January 20X3 at a cost of $1,000,000. It is depreciated over50 years by the straight line method (nil residual value), with a proportionate charge for depreciation in the year of acquisition and the year of disposal. At 31 December 20X4 the asset was re-valued to $1,200,000. There was no change in the expected useful life of the asset.The asset was sold on 30 June 20X5 for $1,195,000.What profit or loss on disposal of the asset will be reported in the statement of profit or loss of the company for the year ended 31 December 20X5?AProfit of $7,500B Profit of $235,000CProfit of $247,500D Loss of $5,000
What is the purpose of amortisation?ATo allocate the cost of an intangible non-current asset over its useful lifeBTo ensure that funds are available for the eventual purchase of a replacement non-current assetCTo reduce the cost of an intangible non-current asset in the statement of financial position to its estimated market value DTo account for the risk associated with intangible assets
A company has sublet part of its offices and in the year ended 30 November 20X3 the rent receivable was:Until 30 June 20X3 $8,400 per yearFrom 1 July 20X3 $12,000 per yearRent was paid quarterly in advance on 1 January, April, July, and October each year.What amounts should appear in the company's financial statements for the year ended 30 ? NovemberRent receivable Statement of financial positionA$9,900 $2,000 in sundry payablesB$9,900 $1,000 in sundry payablesC$10,200 $1,000 in sundry payablesD$9,900 $2,000 in sundry receivables
The electricity account for the year ended 30 June 20X1 was as follows.Opening balance for electricity accrued at 1 July 20X0 Payments made during the year1 August 20X0 for three months to 31 July 20X01 November 20X0 for three months to 31 October 20X01 February 20X1 for three months to 31 January 20X130 June 20X1 for three months to 30 April 20X11 August 20X1 for three months to 31 July 20X1Which of the following is the appropriate entry for electricity?Accrued Charge to SPLat 30 June 20X1 year ended 30 June 20X1 AA$Nil $3,060B$460 $3,320C$560 $3,320D$560 $3,420
Buster's draft financial statements for the year to 31 October 20X5 report a loss of $1,486. When he prepared the financial statements, Buster did not include an accrual of $1,625 and a prepayment of $834.What is Buster's profit or loss for the year to 31 October 20X5 following the inclusion of the accrual and prepayment?AA loss of $695B A loss of $2,277 CA loss of $3,945D A profit of $1,807
Donna Co acquired 80% of the equity share capital of Blitsen Co on 1 January 20X4 when the retained earnings of Blitsen Co were $40,000. The fair value of the non-controlling interest at this date was $25,000. At 31 December 20X4, the equity capital of Blitsen Co was as follows：Share capital $’000 40Share premium 10Retained earnings 60 110During the year Blitsen Co sold goods to Donna Co for $20,000. This price included a mark-up of $12,000 for profit. At 31 December 20X4, 50% of these goods remained unsold in the inventory of Donna Co.What is the value of the non-controlling interest in the Donna Group at 31 December 20X4, for the purpose of preparing the consolidated statement of financial position?A$20,800B $27,800C $26,600D$29,000
On 1 August 20X7 Patronic purchased 18 million of the 24 million $1 equity shares of Sardonic. The acquisition was through a share exchange of two shares in Patronic for every three shares in Sardonic. The market price of a share in Patronic at 1 August 20X7 was $5.75.What is the fair value of the consideration transferred for the acquisition of Sardonic?A$103.5 millionB$69 millionC $155.25 millionD $92 million