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

Accounting for non-current assets — practice question

A non-current asset that has already been depreciated is then revalued to a higher amount. What effect does this have?

  • Acapital reserve decrease; revenue reserve no effect
  • Bcapital reserve increase; revenue reserve no effect
  • Ccapital reserve no effect; revenue reserve decrease
  • Dcapital reserve no effect; revenue reserve increase

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI