PF purchased a quota for carbon dioxide emissions for $15,000 on 30 April 20X6 and capitalised it as an intangible asset in its statement of financial position. PF estimates that the quota will have a useful life of 3 years. What is the journal entry required to record the amortisation of the quota in the accounts for the year ended 30 April 20X9
A、Dr Expenses $15,000 Cr Accumulated amortisation $15,000
B、Dr Expenses $5,000 Cr Accumulated amortisation $5,000
C、Dr Intangible assets $5,000 Cr Accumulated amortisation $5,000
D、Dr Accumulated amortisation $15,000 Cr Intangible assets $15,000
A、Dr Expenses $15,000 Cr Accumulated amortisation $15,000
B、Dr Expenses $5,000 Cr Accumulated amortisation $5,000
C、Dr Intangible assets $5,000 Cr Accumulated amortisation $5,000
D、Dr Accumulated amortisation $15,000 Cr Intangible assets $15,000
【参考答案及解析】
The amortisation charge is $15,000/3 years = $5,000 per annum. The double entry to recordthe amortisation is Dr expenses, Cr accumulated amortisation.
The amortisation charge is $15,000/3 years = $5,000 per annum. The double entry to recordthe amortisation is Dr expenses, Cr accumulated amortisation.