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3 marksDepreciation and Capital versus Revenue Expenditure

CSEC Principles of Accounts · January 2017 · Paper 2 · Question 6(c)(ii)

Additional data: foodstuff on hand at year end was $17,110; building and furniture depreciated at 20% of original cost plus all capital expenditure costs per year.

Calculate the total depreciation expense to be subtracted.

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Other parts of this question

  1. 6(a)Prepare a Classified Balance Sheet of Miracle Charity Group as at 1 September 2015.[5 marks]
  2. 6(b)Prepare a Receipts and Payments Account for Miracle Charity Group for the year ended 31 August 2016.[6 marks]
  3. 6(c)(i)Calculate the amount of foodstuff consumed for the year.[2 marks]
  4. 6(c)(iii)Calculate the amount of subscriptions paid per member.[2 marks]
  5. 6(c)(iv)Calculate the amount of subscriptions outstanding from all members at year end.[2 marks]

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