Accounting Multiple Choice Question – 27 December 2022

What would be treated as part of the capital cost of the purchase of a building?

1 legal costs of the purchase
2 redecoration of the building
3 installation of air conditioning needed for the machinery in the building

Select ONE answer:

1. 1 only
2. 1 and 3 only
3. 2 and 3 only
4. 1, 2 and 3

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

1. Not correct
2. Correct
3. Not correct
4. Not correct

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