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CIMA Exam CIMAPRA17-BA3-1 Topic 1 Question 1 Discussion
Actual exam question for
CIMA's
CIMAPRA17-BA3-1 exam
Question #: 1
Topic #: 1
[All CIMAPRA17-BA3-1 Questions]
Topic #: 1
MHJ purchased an asset for 53,500, which incurred a delivery charge of 20,000. MHJ decided to set a depreciation rate of 15% per annum for the asset.
In its second year, the asset is re-valued at 180% of the net carrying value of the previous year.
What will be the asset's net carrying amount by the end of its second year?
Suggested Answer:
B
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