Exam BA3 Topic 1 Question 283 Discussion
Actual exam question for CIMA's BA3 exam
Question #: 283
Topic #: 1
Question #: 283
Topic #: 1
M Ltd owns property costing $80,000 ($50,000 for the land and $30,000 for the building).
The company's accounting policy is to depreciate buildings at the rate of 5% per annum on the straight-line basis.
After five years, what is the net book value of freehold land and building in the financial accounts of M Ltd?
The company's accounting policy is to depreciate buildings at the rate of 5% per annum on the straight-line basis.
After five years, what is the net book value of freehold land and building in the financial accounts of M Ltd?
Suggested Answer: B Vote an answer
by Ian at Feb 22, 2026, 09:33 PM
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