Do-It-Yourself Defined Contribution Plan Owns the Following Assets with the Following

question 46

Multiple Choice

Do-it-Yourself Defined Contribution Plan owns the following assets with the following values: $$\begin{array} { | l | l | l | } \hline & 30 \text { June 2012 } & 30 \text { June 2013 } \\\hline \text { Land } & \$ 200000 & \$ 240000 \\\hline \text { Buildings } & 150000 & 170000 \\\hline \text { Property, plant and equipment } & 50000 & 40000 \\\hline \text { Motor vehicles } & 60000 & - \\\hline \text { Investments in listed securities } & 110000 & 130000 \\\hline \text { TOTAL } & \$ 570000 & 580000 \\\hline\end{array}$$ The fund sold its motor vehicles for $70 000.
What amount of revenue for changes in net market value of assets should Do-it-Yourself Defined Contribution Plan recognise for the year ended 30 June 2013?

• A) $10 000
• B) $20 000
• C) $50 000
• D) $80 000

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Definitions:

Id

In psychoanalytic theory, the part of the mind in which innate instinctive impulses and primary processes are manifest.

Ego

In psychoanalytic theory, a component of the personality that is responsible for dealing with reality while working to satisfy the demands of both the id and the superego, in a more general sense, often used to refer to a sense of self-esteem or self-importance.

Philosophical Behaviorism

A theory in philosophy of mind that asserts thoughts, feelings, and intentions can be fully described by observable behaviors and physical processes, without reference to inner mental states.

Sensations

Immediate physical experiences or perceptions through the senses.