快速查题-ACCA英国注册会计师试题

 Which of the following environmental costs is an external environmental cost? 

 This question appeared in the June 2015 exam. 

When activity based costing is used for environmental accounting, which statement is correct for environment-related costs and environment-driven costs? 

The following information is relevant for questions 9.9 and 9.10.

The following balances existed in the accounting records of Koppa Co, at 31 December 20X7.

                                                                                   $'000

Development costs capitalised, 1 January 20X7        180

Research and development expenditure for the year 162

In preparing the company's statement of profit or loss and other comprehensive income and stament of financial position at 31 December 20X7 the following further information is relevant

(a) The $180,000 total for development costs as at 1 January 20X7 relates to two projects: Project 836: completed project

$'000 82 (balance being amortised over the period expected to benefit from it. Amount to be amortised in 20X7: $20,000)

Project 910: in progress 98

(b) The research and development expenditure for the year is made up of: 180 Research expenditure $'000 103 Development costs on Project 910 which continues to satisfy the requirements in IAS 38 for capitalisation 59 162According to IAS 38

Intangible assets,

what amount should be charged in the statement of profit or loss and other comprehensive income for research and development costs for the year ended 31 December 20X7?

The following information is relevant for questions 9.9 and 9.10.

The following balances existed in the accounting records of Koppa Co, at 31 December 20X7.

$'000

Development costs capitalised, 1 January 20X7 180

Research and development expenditure for the year 162

In preparing the company's statement of profit or loss and other comprehensive income and statement of financial position

at 31 December 20X7 the following further information is relevant.

(a) The $180,000 total for development costs as at 1 January 20X7 relates to two projects:  Project 836: completed project

 $'000  82 (balance being amortised over the period expected to benefit from it. Amount to be amortised in 20X7: $20,000) 

Project 910: in progress 98

(b) The research and development expenditure for the year is made up of: 180 Research expenditure $'000  103 Development costs on Project 910 which continues to satisfy the requirements in IAS 38 for capitalisation 59  162

According to IAS 38 Intangible assets,

what amount should be disclosed as an intangible asset in the statement of financial position for the year ended 31 December 20X7?

Theta Co purchased a patent on 31 December 20X3 for $250,000. Theta Co expects to use the patent for ten years, after

which it will be valueless. According to IAS 38 Intangible assets, what amount will be amortised in Theta Co’s statement of

profit or loss and other comprehensive income for the year ended 31 December 20X4?

PF purchased a quota for carbon dioxide emissions for $15,000 on 30 April 20X6 and capitalised it as an intangible asset in its statement of financial position. PF estimates that the quota will have a useful life of 3 years.

What is the journal entry required to record the amortisation of the quota in the accounts for the year ended 30 April 20X9

What is the purpose of amortisation?

Which of the following items (that all generate future economic benefits, and whose costs can be measured reliably), is an

intangible non-current asset?

1 Computer hardware owned by a business

2 Operating software that operates the computer hardware in (1)

3 A patent bought by a business

4 An extension to an office building owned by a business

A company receives rent for subletting part of its office block.Rent, receivable quarterly in advance, is received as follows:

Date of receipt                          Period covered                                                                $1

October 20X1                            3 months to            31 December 20X1                          7,500

30 December 20X1                   3 months to            31 March 20X2                               7,5004

April 20X2                                  3 months to           30 June 20X2                                  9,0001

July 20X2                                   3 months to           30 September 20X2                        9,0001

October 20X2                            3 months to            31 December 20X2                          9,000

What figures, based on these receipts, should appear in the company's financial statements for the year ended 30 November 20X2?

Statement of profit or loss                   Statement of financial position

A company pays rent quarterly in arrears on 1 January, 1 April, 1 July and 1 October each year. The rent was increased from $90,000 per year to $120,000 per year as from 1 October 20X2.

What rent expense and accrual should be included in the company's financial statements for the year ended 31 January

20X3?

Rent expense         Accrual

$                                $