題目

A company purchased an asset on 1 January 20X3 at a cost of $1,000,000. It is depreciated over50 years by the straight line method (nil residual value), with a proportionate charge for depreciation in the year of acquisition and the year of disposal. At

31 December 20X4 the asset was re-valued to $1,200,000. There was no change in the expected useful life of the asset.The

asset was sold on 30 June 20X5 for $1,195,000.

What profit or loss on disposal of the asset will be reported in the statement of profit or loss of the company for the year ended 31 December 20X5?

A

Profit of $7,500

B

?Profit of $235,000

C

Profit of $247,500

D

?Loss of $5,000

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Chapter8Tangiblenon-currentassets

?Annual depreciation was initially $1,000,000/50 years = $20,000.

After revaluation, annual depreciation is $1,200,000/48 years = $25,000.

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

Valuation, 1 January 20X5???????????????????????????????????????????????? ????? ?1,200,000

Accumulated depreciation to 30 June 20X5?(6/12 x $25,000)??? ?? 12,500

Carrying amount at 30 June 20X5?????????????????????????????????????????? ?1,187,500

Sale/disposal price?????????????????????????????????????????????????????????????????? ?1,195,000

Profit on disposal in statement of profit or loss????????????????????????? ? ? ?7,500

多做幾道

Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal

use?

A

The fair presentation concept

B

?The accruals concept

C

The going concern concept

D

?The business entity concept

Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal

use?

A

The fair presentation concept

B

The accruals concept

C

?The going concern concept

D

The business entity concept

According to the IASB's Conceptual Framework for Financial Reporting, which TWO of the following are part of faithful

representation?1 It is neutral2 It is relevant3 It is presented fairly4 It is free from material error

A

1?and?2

B

2?and?3

C

?1?and?4

D

3?and4

Which of the following accounting concepts means that similar items should receive a similar accounting treatment?

A

Going concern

B

Accruals

C

Matching

D

Consistency

Listed below are some characteristics of financial information.1 Relevance2 Consistency3 Faithful representation4 Accuracy

Which of these are qualitative characteristics of financial information according to the IASB's Conceptual Framework for

Financial Reporting?

A

1 and 2 only

B

2 and 4 only

C

3 and 4 only

D

1 and 3 only

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