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ScotlandAccountingQuick questions
Preparing Financial Accounting Information
Quick questions on Depreciation and non-current assets - SQA Higher Accounting
3short 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
An asset costs £15,000, residual value £3,000, life 4 years. Calculate the straight-line charge. [2 marks]
What is q2?Show answer
State one reason why reducing-balance might suit a delivery van better than straight-line. [1 mark]
What is q3?Show answer
An asset with carrying value £4,000 is sold for £3,200. State the profit or loss and its treatment. [2 marks]
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