快速查题-ACCA英国注册会计师试题

Senakuta Co purchased a machine with an estimated useful life of 5 years for $34,000 on30 September 20X5. Senakuta Co

planned to scrap the machine at the end of its useful life and estimated that the scrap value at the purchase date was $4,000. On 1 October 20X8, Senakuta revised the scrap value to $2,000 due to the decreased value of scrap metal.

What is the depreciation charge for the year ended 30 September 20X9?

Y purchased some plant on 1 January 20X0 for $38,000. The payment for the plant was correctly entered in the cash book but was entered on the debit side of the plant repairs account.Y charges depreciation on the straight line basis at 20% per year,

with a proportionate charge in the years of acquisition and disposal, and assuming no scrap value at the end of the life of the

asset.

How will Y's profit for the year ended 31 March 20X0 be affected by the error?

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?

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?

What are the correct ledger entries to record an acquisition of a non-current asset on credit?

Debit Credit