Which of the following statements is/are likely to be correct?

(i) Land and buildings have a shorter useful life than plant and equipment.

(ii) Purchases of non-current (fixed) assets are greater than yearly depreciation for Year 2.

(iii) The company has massively increased its ownership of factory space.

Is it

(a) (i)

(b) (ii)

(c) (iii)

(d) None of these 

The following information is relevant for question.

Tangible non-current (fixed) asset information in the ‘notes to the account’ of a public limited company

Transcribed Image Text:

Cost At start of year, 1.1. Year 2 Additions Disposals At end of year, 31.12. Year 2 Depreciation At start of year, 1.1. Year 2 Disposals Charge for year At end of year, 31.12.Year 2 Net book value, 31.12. Year 2 Net book value, 31.12.Year 1 Land and buildings m 131 8 (2) 137 47 (1) 5 51 ? ? Plant and equipment m 613 56 (12) 657 314 (10) 48 352 305 299 Total m 744 64 (14) 794 361 (11) 53 403 391 383