Jackie Had the Following Transactions in the Year

question 5

Multiple Choice

Jackie had the following transactions in the year. Put £180000 of her own money into the business bank account. Took out a 40 year lease on the premises at a cost of £80000, bought fixtures and fittings or £12000 which she thinks will last four years and then be worth nothing and a car for £15000 which she will use for three years and then sell or an estimated £3000. All assets are to be depreciated or amortised over their useful lives using straight line depreciation. What should the charge to the income statement be in total?

• A) £10000
• B) £8000
• C) £9000
• D) £7000

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Definitions:

Perceived Market

The subjective interpretation or understanding of a market by individuals or firms, which may influence their decision-making and actions.

Willingness To Pay

The maximum amount an individual is prepared to spend to purchase a good or service or to avoid something undesirable.

Communications Network

A system of interconnected nodes and links used to transmit, receive, and exchange data, voice, and video.

Consumer Type

Refers to the characteristics or categories of consumers distinguished by preferences, purchasing behavior, or demographic factors.