What is the accounting principle which dictates that non-current assets should be valued at cost, less accumulated depreciation, rather than their enforced saleable value?
A、Materiality
B、Business entity
C、Consistency
D、Going concern
A、Materiality
B、Business entity
C、Consistency
D、Going concern
A、ingestion of fresh water crabs
B、skin penetration of cercariae
C、ingestion of water chestnuts
D、ingestion of infected raw fresh water fish
A、Profit of $1,485
B、Loss of $1,485
C、Loss of $1,495
D、Profit of $1,495
A、An overstatement of profit and an overstatement of non-current assets
B、An understatement of profit and an overstatement of non-current assets
C、An overstatement of profit and an understatement of non-current assets
D、An understatement of profit and an understatement of non-current assets
A company's policy is to charge depreciation on plant and machinery at 20% per year on cost, with proportional depreciation for items purchased or sold during a year. The company's plant and machinery at cost account for the year ended 30 September 20X3 is shown below. PLANT AND MACHINERY - COST $ $ 20X2 20X3 1 Oct Balance 200,000 30 Jun Transfer disposal account 40,000 30 Sep Balance 210,000 20X3 1 Apr Cash-purchase of plant 50,000 _______ 250,000 250,000 What should be the depreciation charge for plant and machinery (excluding any profit or loss on the disposal) for the year ended 30 September 20X3?
A、$43,000
B、$51,000
C、$42,000
D、$45,000
A、$19,125
B、$25,500
C、$23,375
D、$21,250
A、Debit Credit Non-current assets - cost Receivables
B、Debit Credit Payables Non-current assets - cost
C、Debit Credit Non-current assets - cost Payables
D、Debit Credit Non-current assets - cost Revaluation surplus
Which of the following statements are correct? 1 IAS 16 Property, plant and equipment requires entities to disclose the purchase date of each asset. 2 The carrying amount of a non-current asset is the cost or valuation of that asset less accumulated depreciation. 3 IAS 16 Property, plan and equipment permits entities to make a transfer from the revaluation surplus to retained earnings for excess depreciation on revalued assets. 4 Once decided, the useful life of a non-current asset should not be changed.
A、1, 2 and 3
B、2 and 3 only
C、2 and 4 only
D、1,2 and 4 only
A、A debit entry in the motor vehicles at cost account
B、A credit entry in the motor vehicles at cost account
C、A debit entry in the bank account
D、A credit entry in the bank account
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 or loss for the year ended 31 December 20X4? Depreciation charge for Revaluation surplus year ended 31 December 20X4 as at 31 December 20X3 (statement of profit or loss) (statement of financial position) $ $
A、25,000 200,000
B、25,000 360,000
C、20,000 200,000
D、20,000 360,000
A、Road tax
B、Number plates
C、Fitted stereo radio
D、Delivery costs
为了保护您的账号安全,请在“简答题”公众号进行验证,点击“官网服务”-“账号验证”后输入验证码“”完成验证,验证成功后方可继续查看答案!