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F7 BPP KIT Q.21 ADVENT
Accumulated depreciation:
At start of YEAR 40
Charge for year 9
Revaluation (40)
At year end
plz tell why 40(revaluation) has been subtracted at lastOK Three columns: Land, Buildings, Accum depn
B/fwd 80, 200, (40)
Reval 5, (20), 40
C/fwd 85, 180, (-)
Can you see the revaluation decrease of (15) ie 5 +ve and 20 -ve
And then, separately, the add back of the depreciation of 40
On a revaluation, the accum depn disappears – that’s the 40 add back
That puts the asset back to its original 200. But revaln says it’s only 180. That’s the reason for the (20) in the Buildings column
Is that better?
Can anyone please send me the questions and solutions to :
Q1 Consolidated Statements of Income AND of Financial Position – question
Pedantic ( 31 ) subsid, but no associate
Q2 Preparation of Financial Statements – any of the questions from the BPP
revision kit (5) Winger through to (13 ) Pricewell AND questions 24 – 26
Telenorth – Partway
Q3 Cash Flow AND report (71 ) Bigwood
Q4 Provisions and contingencies (51) Promail
Q5 Impairment of assets ( 21 ) AdventThanks
Email: vipulvasant@hotmail.com
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