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IFRS 38- Property tax

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › IFRS 38- Property tax

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  • August 10, 2015 at 2:52 pm #266563
    a151ya
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    A firm purchased a non current asset on 1.1.2001 for 25,000. Estimated life is 6 years. Estimated scrap value is 7,000. Asset was eventually sold after 3 years for 17500. Calculate profit or loss using straight line method.

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