hah, i agree with you the paper shouldnt have been difficult for those who prepared well, but unfortunately I wasnt one of those people. I didnt really understand the financial ratio analysis stuff (didnt go to the lectures) so I kinda ignored it when I was studying so that section of the paper didnt go too well obviously. I also couldnt do the impairment on the machinery and overall I thought multiple choice was fairly challenging (for me anyway) but yea I was aiming for a high mark in accounting 1b but ill be happy with a credit now
I wasn't well prepared, crammed 1.5 days prior, but I made somewhat of an effort throughout the semester.
The ratio analysis (Q3) was the question i didn't finish for similar reasons but since it was nearly a carbon copy of a tutorial question thats my own fault for not knowing it.
I understand what you mean by the MC's since there were a couple similar answers.
Impairment I guess since you had the discern the chunk of writing.
(Calculate the Book Value at point of impairment [so it was capitalized price - 10 months worth of straight line depreciation which ended up to be the original cost], then impairment was the difference between Book value and the higher value of the fair value or value in use.)
People seem to expect high results without putting in the time/effort. But a credit is a good mark.
