Accounting 9706 · AS & A Level · Accounting for non-current assets

Accounting for non-current assets — practice question

Leandro has possessed a delivery van for several years and has charged depreciation on it every year. In what way should he enter the provision for depreciation?

  • Ageneral journal: accumulated depreciation; statement of financial position: accumulated depreciation; statement of profit or loss: charge for the year
  • Bgeneral journal: accumulated depreciation; statement of financial position: charge for the year; statement of profit or loss: accumulated depreciation
  • Cgeneral journal: charge for the year; statement of financial position: accumulated depreciation; statement of profit or loss: charge for the year
  • Dgeneral journal: charge for the year; statement of financial position: charge for the year; statement of profit or loss: accumulated depreciation

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