FAPS Lesson 2 - Plenary

FAPS Lesson 2 - Plenary

Professional Development

7 Qs

quiz-placeholder

Similar activities

Term 1 Reflection

Term 1 Reflection

KG - Professional Development

11 Qs

unlimited malam

unlimited malam

Professional Development

11 Qs

Mandiri Tabungan NOW

Mandiri Tabungan NOW

Professional Development

10 Qs

SECCION 17 - PROPIEDAD PLANTA Y EQUIPO

SECCION 17 - PROPIEDAD PLANTA Y EQUIPO

Professional Development

10 Qs

Post Test Resusitasi Neonatus

Post Test Resusitasi Neonatus

Professional Development

10 Qs

Unit 1 Food as communication

Unit 1 Food as communication

University - Professional Development

10 Qs

AQR training - Seniors

AQR training - Seniors

Professional Development

7 Qs

The Hunt 062022

The Hunt 062022

Professional Development

12 Qs

FAPS Lesson 2 - Plenary

FAPS Lesson 2 - Plenary

Assessment

Quiz

Professional Development

Professional Development

Practice Problem

Medium

Created by

AAT Tutors

Used 1+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

7 questions

Show all answers

1.

DRAG AND DROP QUESTION

1 min • 1 pt

A car which cost £10,000 is being depreciated at 25% per year using the diminishing balance method. What will be the amount of the depreciation charge in the second year?

(a)  

£1,875
£2,500
£4,375
£5,000

2.

DRAG AND DROP QUESTION

1 min • 1 pt

A van which originally cost £24,000 is sold for £5,000 (both amounts net of VAT). The vehicles: accumulated depreciation account shows a balance of £19,500. This means that there is a:

(a)  

Loss on disposal of £500
Gain on disposal of £500
Loss on disposal of £4,500
Gain on disposal of £4,500

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A machine which originally cost £10,000 with accumulated depreciation of £6,750 was sold for £4,000 with payment being received into the bank. The bookkeeping entries to record the proceeds are:

DR Non-current asset account CR Disposals account

DR Bank account

CR Disposals account

DR Disposals account

CR Non-current assets

DR Disposals account

CR Bank account

4.

DRAG AND DROP QUESTION

1 min • 1 pt

A car which cost £10,000 is being depreciated at 25% per year using the straight line method. What will be the amount of the depreciation charge in the second year?

(a)  

£1,875
£2,500
£4,375
£5,000

5.

DROPDOWN QUESTION

1 min • 1 pt

You work for a shoe manufacture and you are posting the year end journal of £7,000 for depreciation for the year. You need to ​debit the ​ (a)   in the statement of ​ (b)   and credit the ​ (c)   in the statement of ​ (d)  

depreciation charge
profit & loss
accumulated depreciation
financial position

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In June 20X5 you bought a vehicle for £12,000.

Depreciation is 25% per year diminishing balance basis.

In June 20X8 you sold this for £7000.

At the end of year 2 what is the accumulated depreciation?

£6750

£5000

£5,250

£7,000

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In June 20X5 you bought a vehicle for £12,000.

Depreciation is 25% per year diminishing balance basis.

In June 20X8 you sold this for £7000.

What will the profit or loss on disposal be?

£250 gain

£1937.50 gain

£62.50 gain

£1937.50 loss

£250 loss

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?