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EnglandAccountingQuick questions
3.1 Financial accounting
Quick questions on Depreciation: straight-line, reducing-balance and asset disposal - AQA A-Level Accounting
2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
A van costs with no residual value and a four-year life. Calculate the straight-line charge. [2 marks] a year.
What is q2?Show answer
State how a profit on disposal is calculated. [1 mark] Sale proceeds minus the carrying amount at the date of disposal.
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