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2015 June MCQs 12

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › 2015 June MCQs 12

  • This topic has 1 reply, 2 voices, and was last updated 9 years ago by MikeLittle.
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  • February 22, 2016 at 4:43 pm #301570
    yushanshan
    Member
    • Topics: 84
    • Replies: 70
    • ☆☆

    Hi sir,

    I just wonder the reason why ” The use of fair value to record a subsidiary ‘s acquired assets does not comply with the historical cost principle ” is not true.

    February 22, 2016 at 6:58 pm #301582
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23350
    • ☆☆☆☆☆

    Because we’re using fair values and not historic cost less accumulated depreciation

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