題目

Banjo Co purchased a building on 30 June 20X8 for $1,250,000. At acquisition, the useful life of the building was 50 years.

Depreciation is calculated on the straight-line basis. 10 years later, on 30 June 20Y8 when the carrying amount of the building was $1,000,000, the building was revalued to $1,600,000. Banjo Co has a policy of transferring the excess depreciation on

revaluation from the revaluation surplus to retained earnings.Assuming no further revaluations take place,

what is the balance on the revaluation surplus at 30 June 20Y9?

A

$335,000

B

$310,000

C

$560,000

D

$585,000

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Chapter8Tangiblenon-currentassets

$585,000

The revaluation surplus at 30 June 20Y8 was $600,000 ($1,600k - $1,000k).

The old deprecation charge was $25,000 ($1,250,000/50 years) per year.

The new depreciation charge is $40,000 ($1,600,000/40 years), so the excess depreciation is $15,000 per year.

The balance on the revaluation surplus is therefore $600,000 - $15,000 = $585,000 at 30 June 20Y9.

多做幾道

Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal

use?

A

The fair presentation concept

B

?The accruals concept

C

The going concern concept

D

?The business entity concept

Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal

use?

A

The fair presentation concept

B

The accruals concept

C

?The going concern concept

D

The business entity concept

According to the IASB's Conceptual Framework for Financial Reporting, which TWO of the following are part of faithful

representation?1 It is neutral2 It is relevant3 It is presented fairly4 It is free from material error

A

1?and?2

B

2?and?3

C

?1?and?4

D

3?and4

Which of the following accounting concepts means that similar items should receive a similar accounting treatment?

A

Going concern

B

Accruals

C

Matching

D

Consistency

Listed below are some characteristics of financial information.1 Relevance2 Consistency3 Faithful representation4 Accuracy

Which of these are qualitative characteristics of financial information according to the IASB's Conceptual Framework for

Financial Reporting?

A

1 and 2 only

B

2 and 4 only

C

3 and 4 only

D

1 and 3 only

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