Question

一道题目 Financial Accounting

A business purchased a motor car on 2003.7.1 for $20,000.It is to ba depriciated at 20% per year on the straight line basis,asumming a residual value at the end of 5 years of $4,000,with a proportionate depreciation charge in the year of purchase.
The $20,000 cost was correctly entered in the cash book but posted to the debit of the motor vehicles repairs account.
How will the business profit for the year ended 2003.12.31 be affected by the error?

A understated by $18,400
B understated by $16,800
C overstated by $18,400
需要详细解答

Answer 1

A
购买成本20000$，5年后残值4000$，折旧金额=20000-4000=16000$，年折旧20%=16000*20%=3200$，因为是2003年7月1日购买，所以2003年只计提半年折旧1600$，所以2003年计提折旧费使利润减少1600$。但是由于20000$错计入motor vehicles repairs account，直接费用化，利润减少20000$，所以对利润的影响是少报利润18400$。

Answer 2

B

追问

不对。。。

Answer 3

DEFINITELY A

Answer 4

Sorry,I don't know