题目内容 (请给出正确答案)
[主观题]

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

提问人:网友w3924686 发布时间:2022-01-07
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第1题
Humans acquire infections with Diphyllobothrium latum adult worms by:

A、ingestion of fresh water crabs

B、skin penetration of cercariae

C、ingestion of water chestnuts

D、ingestion of infected raw fresh water fish

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第2题
Jimi sold a machine which originally cost $14,900. At the date of the sale the accumulated depreciation on the machine was $8,940. The sale proceeds were $7,455. What is the profit or loss on the sale of the machine?

A、Profit of $1,485

B、Loss of $1,485

C、Loss of $1,495

D、Profit of $1,495

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第3题
Which one of the following would occur if the purchase of computer stationary was debited to the computer equipment at cost account?

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

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第4题

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

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第5题
A manufacturing company receives an invoice on 29 February 20X2 for work done on one of its machines. $25,500 of the cost is actually for a machine upgrade, which will improve efficiency. The accounts department do not notice and charge the whole amount to maintenance costs. Machinery is depreciated at 25% per annum on a straight-line basis, with a proportional charge in the years of acquisition and disposal. By what amount will the profit for the year to 30 June 20X2 be understated?

A、$19,125

B、$25,500

C、$23,375

D、$21,250

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第6题
What are the correct ledger entries to record an acquisition of a non-current asset on credit?

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

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第7题

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

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第8题
When Michelle purchased a new car, she used her old car in part-exchange. She has made the correct entry for the part-exchange value of $3,500 in the non-current asset disposal account. What other entry is needed to complete the double entry for the part-exchange value of $3,500?

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

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第9题

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

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第10题
Which one of the following costs would be classified as revenue expenditure on the invoice for a new company car?

A、Road tax

B、Number plates

C、Fitted stereo radio

D、Delivery costs

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