AQA Accounting Unit 2 - 22nd May

It definitely is £72000, checked with my teacher and a debenture is a yearly cost, which cannot be split between months


Posted from TSR Mobile

Was it only me who didn't include the maintenance contract in the non current asset, the first 2 points are considered capital expenditure but not a maintenance contract


Posted from TSR Mobile

in my workings i got 72000 but i divided by 2 to get 36,000. Do you think that more than 2 marks will be lost for that?

Why would you multiply 4350 by 6 when the total cost of the computers was 4350 and that cost would go into the balance sheet as a current asset. The only effect would be he depreciation of the laptops in the income statement?

Surely you would not include debetbure interest of £72000 in the income statement because it did say its paid yearly and they issued it in October of 2012 so they would pay the first interest in October 2013 so it would not go in the income statement because the year ends in April 2013

Posted from TSR Mobile

It's paid yearly from that date of 31st October, so it goes in, no matter how log the debentures have been held for


Posted from TSR Mobile

Yeah I read the question wrong, didn't read it as being total cost. The bank balance would be reduced by 4350 though

Posted from TSR Mobile

Yeah I read the question wrong, didn't read it as being total cost. The bank balance would be reduced by 4350 though

Posted from TSR Mobile

do you remember what you put for the nbv for the machinery? i know it was 25% p/a depreciation but some people are saying you needed to depreciate for 2 years instead of 1?

You only had to depreciate it for one year, as the date was within one year of purchase


Posted from TSR Mobile

Yeh you only do one year which i think i got something like 22 thousand and something... When reduced from the capital expenditure which makes it like 67thousand and something