Extracts from Tom Ltd's Statement of financial positions are given below:
Assuming there were no disposals within the year, which of the following statements is true?
A) During the year, the amount spent on the purchase of non-current assets was £295,000 and the depreciation charge for the year was £150,000.
B) During the year, the amount spent on the purchase of non-current assets was £55,000 and the depreciation charge for the year was £150,000.
C) During the year, the amount spent on the purchase of non-current assets was £295,000 and the depreciation charge for the year was £45,000.
D) During the year, the amount spent on the purchase of non-current asset purchases was £55,000 and the depreciation charge for the year was £45,000.

Question

Extracts from Tom Ltd's Statement of financial positions are given below:
 Assuming there were no disposals within the year, which of the following statements is true?
A) During the year, the amount spent on the purchase of non-current assets was £295,000 and the depreciation charge for the year was £150,000. 
B) During the year, the amount spent on the purchase of non-current assets was £55,000 and the depreciation charge for the year was £150,000. 
C) During the year, the amount spent on the purchase of non-current assets was £295,000 and the depreciation charge for the year was £45,000. 
D) During the year, the amount spent on the purchase of non-current asset purchases was £55,000 and the depreciation charge for the year was £45,000.

Quizplus · Accepted Answer

The Answer of Extracts from Tom Ltd's Statement of financial positions are given below:
 Assuming there were no disposals within the year, which of the following statements is true?
A) During the year, the amount spent on the purchase of non-current assets was £295,000 and the depreciation charge for the year was £150,000. 
B) During the year, the amount spent on the purchase of non-current assets was £55,000 and the depreciation charge for the year was £150,000. 
C) During the year, the amount spent on the purchase of non-current assets was £295,000 and the depreciation charge for the year was £45,000. 
D) During the year, the amount spent on the purchase of non-current asset purchases was £55,000 and the depreciation charge for the year was £45,000.

Extracts from Tom Ltd's Statement of Financial Positions Are Given