Question $1$: Pulse plc depreciate non$-$current assets monthly on the straight$-$line basis over their useful life. Pulse bought a machine on $1$ January $20$X$5$ for $11,000$ with a residual value of $1,000$ and an estimated useful life of four years. On $1$ January $20$X$7$ they revised the machine$$s total useful life to six years but estimated that at the end of that time it would have no residual value. What was the depreciation charge for the year to $31$ December $20$X$7?$

A$)1,000$

B$)1,280$

C$)1,500$

D$)3,000$

Question $2$: On $1$ June $20$X$8$ Barco$$s business traded in a car which it had bought on $1$ June $20$X$6$ for $6,000.$ The business had been depreciating the car using the reducing balance method at the rate of $50\%$ per annum. The new car cost $12,200$ and Barco paid the garage the balance of $11,800$ via bank transfer. Barco$$s year end is $31$ May. What was the profit or loss on the sale of the old car?

A$)2,600$ loss

B$)1,500$ loss

C$)1,100$ loss

D$)400$ profit

Question $3$: A sole trader purchased a van on $1$ October $20$X$7$ for a total cost of $20,000$ by paying $16,000$ cash and trading in an old van. The old van had cost $18,000$ and the related accumulated depreciation was $12,200.$ The $16,000$ cash paid for the new van has been correctly recorded as Dr Motor vehicles and Cr Cash at bank. No other accounting has taken place. What is the journal entry to record the loss on disposal of the old van for the year ended $31$ December $20$X$7?$

A$)$ Dr Accumulated depreciation $12,200$; Dr Loss on disposal $1,800$; Cr Motor vehicles $14,000$

B$)$ Dr Motor vehicles $14,000$; Cr Accumulated depreciation $12,200$; Cr Loss on disposal $1,800$

C$)$ Dr Loss on disposal $2,000$; Cr Motor vehicles $2,000$

D$)$ Dr Motor vehicles $2,000$; Cr Loss on disposal $2,000$

Question $4$: Astrologica purchased a machine for $63,000$ on $1$ January $20$X$5.$ It has no residual value and an estimated useful life of seven years. It is depreciated using the straight$-$line method. On $31$ December $20$X$8,$ the company carried out an impairment review and determined that the value in use of the machine is $21,000$ and the fair value less disposal costs is $24,000.$ What amount will be charged to profit or loss in respect of the machine in the year ended $31$ December $20$X$8?$

A$)9,000$

B$)12,000$

C$)21,000$

D$)15,000$