(a)[3]
State how disposing of a non-current asset affects the income statement and the statement of financial position. No calculations are needed.
(b)[6]
Prepare the non-current assets section of Moser’s statement of financial position as at 30 November 2018.
(c(i))[4]
Explain why the reducing balance method of depreciation is better suited than the straight-line method for assets such as computer equipment.
(c(ii))[2]
Explain why the revaluation method of depreciation is suitable for assets such as loose tools.