2021年acca考试F3科目练习题与解析(78)
成功哪有看起来那么容易?在备考的路上,最有希望通过的人总是最孤独的。这个时候,只要我们坚持初心,持之以恒,才能滴水穿石,获得最终得突破。每日坚持练习两道acca考试题目,坚持下去,你会发现一个不一样的自己~
The following information is relevant for questions 1 and 2.
Justin Co purchased a building on 1 January 20X2 for $900,000. At the date of acquisition, the useful life of the building was estimated to be 30 years and depreciation is calculated using the straight-line method. At 31 December 20X7, an independent valuer valued the building at $1,200,000 and the revaluation was recognised in the financial statements. Justin’s accounting policies state that excess depreciation arising on revaluation of non-current assets can be transferred from the revaluation surplus to retained earnings.
1.[单选题]What is the depreciation charge on the building for the year ended 31 December 20X8?
选项:
A. $48,000
B. $40,000
C. $30,000
D. $50,000
2.[单选题]What is the journal entry to record the transfer of excess depreciation from the revaluation surplus to retained earnings?
选项:
A. Dr Revaluation surplus $20,000
Cr Retained earnings $20,000
B. Dr Revaluation surplus $18,000
Cr Retained earnings $18,000
C. Dr Retained earnings $20,000
Cr Revaluation surplus $20,000
D. Dr Revaluation surplus $18,000
Cr Retained earnings $18,000
1.【答案】D。
解析:从1 January 20X2至31 December 20X7共计6年。The depreciation charge is calculated based on the remaining useful life at the date of the revaluation: 1,200,000/24 years = $50,000.
知识点:Depreciation accounting
2.【答案】A。
解析:The excess deprecation is the new depreciation amount of $50,000 less the old depreciation charge of $30,000 ($900,000/30 years) which is $20,000. This amount should be debited from the revaluation surplus and credited to retained earnings each year. Remember that both retained earnings and the revaluations surplus are credit balances in the trial balance.
知识点:Revaluation of non-current assets
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