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Accounting (9706) 1401/11/6

Paper 1 May/June 2020 Accounting (9706/11) A Level

CIE AS & A Level Accounting (9706) شهریور 2020
شامل مباحث: AS Level
  تعداد سوالات: 30
  سطح دشواری: متوسط
  شروع: آزاد
  پایان: آزاد
  مدت پاسخگویی: 60 دقیقه

Paper 1 May/June 2020 Accounting (9706/11) A Level
پیش نمایش صفحه اول فایل
ثبت شده در 6 بهمن 1401
  

The financial year of a business ends on 31 December. At the beginning of the financial year, the
following payments were made in respect of a new machine. 

It was discovered that the installation cost had been incorrectly treated as an expense. It is the
policy of the business to depreciate machinery at 20% per annum using the straight-line method.

What was the effect of this error on the profit for the year ended 31 December?