Question：Which of the following assets will not normally be subject to depreciation or amortisation?
A. Motor vehicles purchased under hire purchase agreements.
B. A trademark purchased during the period.
C. Freehold land used as hard standing for vehicles.
D. Leasehold office premises which have been revalued at open market value; the market value exceeds the carrying value of the asset brought forward, and the revaluation has been incorporated in the latest financial statements.
The correct answer is: Freehold land used as hard standing for vehicles.
Freehold land does not normally require a provision for depreciation unless it is subject to depletion by, for example, the extraction of minerals. Buildings, however, do have a limited useful life and should be depreciated like other non-current assets. Note that it is not appropriate to omit charging depreciation of an asset on the grounds that its current market value is greater than its carrying value. If the revalued figure is incorporated in the financial statements, then an increased charge for depreciation will be necessary. The trademark is an intangible asset and so is subject to amortisation.
高顿网校温馨提醒
各位考生，2015年ACCA备考已经开始，为了方便各位学员能更加系统地掌握考试大纲的重点知识，帮助大家充分备考，体验实战，高顿网校开通了全免费的
ACCA题库（包括精题真题和全真模考系统），题库里附有详细的答案解析，学员可以通过多种题型加强练习。
戳这里进入ACCA免费题库>>>
写评论
