CIMA Related Exams
F1 Exam
The following information relates to ABC.

Which of the following would be a reason for the movement in the trade receivable days?
Why are excise duties an attractive method of raising tax for governments?
Select TWO that apply.
BCD owns an item of plant which cost $20,000 and at the time of purchase was assessed to have a useful economic life of 8 years and a residual value of $2,000
The carrying amount of the plant at 1 January 20X8 is $11,000. On that date BCD's directors estimate that the plant's remaining useful life is now 6 years The residual value remains unchanged at $2,000
What is the depreciation charge for this plant for the year ended 31 December 20X8?
Give your answer to the nearest $.
