Accounting 0452 · IGCSE · Capital and revenue expenditure and receipts

Capital and revenue expenditure and receipts — practice question

At the point when Mark set up a car repair business, he bought premises and equipment. Two years later, he paid $5000$ to construct an extension, $600$ for additional equipment and $750$ to repaint the original premises. By what amount will the non-current assets rise as a result of these transactions?

  • A$5000$
  • B$5600$
  • C$5750$
  • D$6350$

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