TransactionsAmount(E)Office premises costConveyancing cost for premises-legal cost250,00010,000300Cost materials to paint Gilbert's officeMercedes E class series cost116,000Number plates for car210Delivery charge for cars180Road licence fee for cars480Gilbert's driver's wages20,000Taxi receipts to showroom to order the car450What amount should be capitalised as Office premises and Motor vehicle?a.260,000116,390b.250,000116,870C.250,300116,390d.260,300116,870

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Transactions Amount(E) Office premises cost Conveyancing cost for premises-legal cost 250,000 10,000 300 Cost materials to paint Gilbert's office Mercedes E class series cost 116,000 Number plates for car Delivery charge for cars 210 180 Road licence fee for cars 480 Gilbert's driver's wages 20,000 Taxi receipts to showroom to order the car 450 What amount should be capitalised as Office premises and Motor vehicle? a. 260,000 116,390 b. 250,000 116,870 Cc. 250,300 116,390 d. 260,300 116,870

Transactions Amount(E) Office premises cost Conveyancing cost for premises-legal cost 250,000 10,000 300 Cost materials to paint Gilbert's office Mercedes E class series cost 116,000 Number plates for car Delivery charge for cars 210 180 Road licence fee for cars 480 Gilbert's driver's wages 20,000 Taxi receipts to showroom to order the car 450 What amount should be capitalised as Office premises and Motor vehicle? a. 260,000 116,390 b. 250,000 116,870 Cc. 250,300 116,390 d. 260,300 116,870

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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