CSEC Principles of Accounts · January 2012 · Paper 2 · Question 3(a)(iii)
Questions on depreciation principles and methods.
State THREE causes of depreciation.
The mark scheme is shown once you've answered.
Practise this questionOther parts of this question
- 3(a)(i)Define the term 'depreciation'.[2 marks]
- 3(a)(ii)Identify the double entry used to record depreciation.[2 marks]
- 3(b)(i)Copy and complete the table calculating the cost or net book value before depreciation, depreciation expense for the year, accumulated depreciation, and net…[11 marks]
- 3(b)(ii)Draw up the Balance Sheet extract for the equipment at the END of the third year of use.[2 marks]
More practice: the rest of this paper · more Depreciation and Capital versus Revenue Expenditure questions · all CSEC Principles of Accounts past papers