I n t e r a c t I v e t e X t foundations in Accountancy/ acca financial accounting (ffa/FA) bpp learning Media is an acca approved Content Provider

surplus balance as at 1 January 20X5?  

 

Depreciation charge for year ended  

31 December 20X5 

Revaluation surplus as at  

1 January 20X5 

 $ 

$ 

A 25,000 

200,000 

B 25,000 

360,000 

C 20,000 

200,000 

D 20,000 

360,000 

 

(2 marks) 

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           PRACTICE QUESTION BANK 

 

492

 

36 

An organisation's asset register shows a carrying value of $135,600. The non-current asset 

account in the nominal ledger shows a carrying value of $125,600.  

Which of the following disposals, if not deducted from the asset register, could account for the 

difference?  

A 

Asset A with disposal proceeds of $15,000 and a profit on disposal of $5,000 

B 

Asset B with disposal proceeds of $15,000 and a carrying value of $5,000 

C 

Asset C with disposal proceeds of $15,000 and a loss on disposal of $5,000 

D 

Asset D with disposal proceeds of $5,000 and a carrying value of $5,000 

 

 

(2 marks) 

37 

In the year to 31 December 20X9, Jason recorded some capital expenditure as revenue 

expenditure. 

What is the effect on his profit for the year to 31 December 20X9 and his net assets at that