快速查題-ACCA英國注冊會計師試題

The following information is relevant for questions 9.9 and 9.10.

The following balances existed in the accounting records of Koppa Co, at 31 December 20X7.

??????????????????????????????????????????????????????????????????????????????? ? ?$'000

Development costs capitalised, 1 January 20X7?????? ?180

Research and development expenditure for the year 162

In preparing the company's statement of profit or loss and other comprehensive income and stament of financial position at 31 December 20X7 the following further information is relevant

(a) The $180,000 total for development costs as at 1 January 20X7 relates to two projects: Project 836: completed project

$'000 82 (balance being amortised over the period expected to benefit from it. Amount to be amortised in 20X7: $20,000)

Project 910: in progress 98

(b) The research and development expenditure for the year is made up of: 180 Research expenditure $'000 103 Development costs on Project 910 which continues to satisfy the requirements in IAS 38 for capitalisation 59 162According to IAS 38

Intangible assets,

what amount should be charged in the statement of profit or loss and other comprehensive income for research and development costs for the year ended 31 December 20X7?

The following information is relevant for questions 9.9 and 9.10.

The following balances existed in the accounting records of Koppa Co, at 31 December 20X7.

$'000

Development costs capitalised, 1 January 20X7?180

Research and development expenditure for the year?162

In preparing the company's statement of profit or loss and other comprehensive income and statement of financial position

at 31 December 20X7 the following further information is relevant.

(a)?The $180,000 total for development costs as at 1 January 20X7 relates to two projects:??Project 836: completed project

?$'000? 82?(balance being amortised over the period expected to benefit from it. Amount to be amortised in 20X7: $20,000)?

Project 910: in progress?98

(b)?The research and development expenditure for the year is made up of:?180?Research expenditure?$'000? 103?Development costs on Project 910 which continues to satisfy the requirements in IAS 38 for capitalisation?59??162

According to IAS 38 Intangible assets,

what amount should be disclosed as an intangible asset in the statement of financial position for the year ended 31 December 20X7?

Theta Co purchased a patent on 31 December 20X3 for $250,000. Theta Co expects to use the patent for ten years, after

which it will be valueless. According to IAS 38 Intangible assets, what amount will be amortised in Theta Co’s statement of

profit or loss and other comprehensive income for the year ended 31 December 20X4?

PF purchased a quota for carbon dioxide emissions for $15,000 on 30 April 20X6 and capitalised it as an intangible asset in its statement of financial position. PF estimates that the quota will have a useful life of 3 years.

What is the journal entry required to record the amortisation of the quota in the accounts for the year ended 30 April 20X9

What is the purpose of amortisation?

Which of the following items (that all generate future economic benefits, and whose costs can be measured reliably), is an

intangible non-current asset?

1 Computer hardware owned by a business

2 Operating software that operates the computer hardware in (1)

3 A patent bought by a business

4 An extension to an office building owned by a business

A company receives rent for subletting part of its office block.Rent, receivable quarterly in advance, is received as follows:

Date of receipt????????????????????????? Period covered??????????????????????????????????????????????????????????????? $1

October 20X1?????????????????????????? ?3 months to????????????31 December 20X1???????????????????????? ?7,500

30 December 20X1???????????????????3 months to??????????? 31 March 20X2?????????????????????????????? 7,5004

April 20X2????????????????????????????????? 3 months to???????????30 June 20X2???????????????????????????????? ?9,0001

July 20X2????????????????????????????????? ?3 months to?????????? 30 September 20X2?????????????????????? ?9,0001

October 20X2?????????????????????????? ?3 months to????????????31 December 20X2??????????????????????????9,000

What figures, based on these receipts, should appear in the company's financial statements for the year ended 30 November 20X2?

Statement of profit or loss?????????????????? Statement of financial position

A company pays rent quarterly in arrears on 1 January, 1 April, 1 July and 1 October each year. The rent was increased from $90,000 per year to $120,000 per year as from 1 October 20X2.

What rent expense and accrual should be included in the company's financial statements for the year ended 31 January

20X3?

Rent expense??????? ?Accrual

$??????????????????????????????? $

At 31 March 20X2 a company had oil in hand to be used for heating costing $8,200 and an unpaid heating oil bill for $3,600.

At 31 March 20X3 the heating oil in hand was $9,300 and there was an outstanding heating oil bill of $3,200.Payments made

for heating oil during the year ended 31 March 20X3 totalled $34,600.Based on these figures,

what amount should appear in the company's statement of profit or loss and other comprehensive income for heating oil for

the year?

A company has sublet part of its offices and in the year ended 30 November 20X3 the rent receivable was:

Until 30 June 20X3 $8,400 per year

From 1 July 20X3 $12,000 per year

Rent was paid quarterly in advance on 1 January, April, July, and October each year.

What amounts should appear in the company's financial statements for the year ended 30 ?

NovemberRent receivable??? ? Statement of financial position