• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

Depreciation questions

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA BT – FIA FBT › Depreciation questions

  • This topic has 2 replies, 2 voices, and was last updated 5 years ago by Ken Garrett.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • October 20, 2019 at 3:32 pm #550262
    mari135
    Member
    • Topics: 1
    • Replies: 1
    • ☆

    (i) The Machinery account in the records of a company for the year ended 31 December 2018 is shown below:

    Machinery – at cost
    £ £
    Opening bal. 300,000 30 November Disposals 120,000
    1 June Bank 72,000 Bal c/d 252,000
    372,000 372,000

    The company’s policy is to charge straight line depreciation at 10% per year on a proportionate basis.

    300,000 – 120,000 = 180,000
    180,000 + 72,000 = 252, 000

    What should be the charge for depreciation in the statement of profit or loss for the year ended 31 December 2018?

    A £25,200

    B £20,400

    C £33,200

    D £30,000

    Hi can you please explain this question to me step by step and how to get the answer. I’m quite confused
    Thank you!

    October 20, 2019 at 3:55 pm #550270
    mari135
    Member
    • Topics: 1
    • Replies: 1
    • ☆

    Opening bal. 300,000
    1 June Bank 72,000
    372,000

    30 November Disposals 120,000
    Bal c/d 252,000
    372,000 372,000

    Sorry i hope this makes it look a bit clearer

    October 21, 2019 at 7:48 am #550319
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10594
    • ☆☆☆☆☆

    This is a question for the FA forum.

  • Author
    Posts
Viewing 3 posts - 1 through 3 (of 3 total)
  • The topic ‘Depreciation questions’ is closed to new replies.

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • julio99 on Impairments – Impairment (CGU) – ACCA Financial Reporting (FR)
  • effy.sithole@gmail.com on EPS – diluted EPS Example – ACCA Financial Reporting (FR)
  • Ken Garrett on The Finance Function in the Digital Age – CIMA E1
  • DeborahProspect on ACCA SBR Specimen Exam 2 Question 1
  • darshan.69 on Chapter 9 Pension Schemes TX-UK FA2023

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in