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Statements of Cash Flows Example 6 pg 109

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Statements of Cash Flows Example 6 pg 109

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  • July 19, 2015 at 4:23 pm #261098
    anniebabe
    Participant
    • Topics: 33
    • Replies: 102
    • ☆☆

    Hiya
    I am struggling with the depreciation calculation – I have some how managed to get £56 and not £50

    I had:-

    Tangibles 681
    Sale of Tangible (103)
    Bal 578
    Addition 200
    Bal 778
    Revaluation 110
    Bal 888
    Depreciation (56)
    Total Balance 832

    Can someone help please.
    Thank you

    July 19, 2015 at 5:25 pm #261101
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23329
    • ☆☆☆☆☆

    What was the book value of the asset at the date of sale? Was it 103 or was it 109?

    Ok?

    July 19, 2015 at 6:32 pm #261109
    anniebabe
    Participant
    • Topics: 33
    • Replies: 102
    • ☆☆

    Hi Mike

    Many thanks for the speedy reply.
    Yes, I can see my error now, I hadnt taken account of the loss of £6000 in my calculation

    Have a good Evening 🙂

    July 19, 2015 at 7:02 pm #261110
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23329
    • ☆☆☆☆☆

    And you Annie

    I would rather point you in the right direction than spoon feed you 🙂

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