www.bbcnoun.com.ng ACC812 7/10 The _____ of the asset refers to its cost less the aggregate depreciation of the asset since the date of acquisition. WDV The following are information that are necessary in determining the depreciation value of an asset except ______ the size of the asset Which of the following is not a source of cash? Subscription for share capital Which of the following items in an income statement involves a direct movement of cash within an accounting period? Loss on disposal of non-current assets ______ is the amount allowed off the amount owed by a debtor to encourage the debtor to settle his debt within a stipulated period. Cash discount The purpose of a statement of _______ is to enable users of financial statements, such as the owner, to evaluate the financial performance of a business for a given accounting year. profit and loss A _____ is the setting-aside of income to meet a known or highly probable future liability or loss, the amount and/or timing of which cannot be ascertained exactly, and is thus an estimate. provision In a cash flow statement, which of the following is included in the category ‘Cash flow from operating activities’? Purchase of non-current assets. In historical cost accounting, non-current assets are valued at their ______ less the aggregate/accumulated depreciation from the date of acquisition to the date of the statement of financial position. historical cost The term ______ refers to the amount at which assets are shown in the statement of financial position. Valuation