1.[單選題]W acquired a lorry on 1 May 20X0 at a cost of $50,000. The lorry has an estimated useful life of five years, and an estimated resale value at the end of that time of $8,000. B charges depreciation on the straight line basis, with a proportionate charge in the period of acquisition.
What will the depreciation charge for the lorry be in B's accounting period to 30 September 20X0?
2.[單選題]Which of the following best explains 'capital expenditure’?
A. Expenditure on non-current assets, including repairs and maintenance
B. Expenditure on expensive assets
C. Expenditure relating to the issue of share capital
D. Expenditure relating to the acquisition or improvement of non-current assets