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Profit or loss of Non current asset

This topic has 3 replies, 2 voices, and was last updated 6 years ago by John Moffat.

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November 2, 2019 at 11:15 pm #551460
teshwar
Participant
- Topics: 46
- Replies: 30
Hi can you tell me if these steps are correct
NCA cost X
Less: Residual value (X)
Equal: Carrying amount
Less: Depreciation (X)
Equal: Net book value
Less: proceeds or disposal (X)
Equal: Profit or loss X/(X)
November 3, 2019 at 9:49 am #551482
John Moffat
Keymaster
- Topics: 57
- Replies: 54787
It is current. Have you watched my free lectures on this? The lectures are a complete free course for Paper FA and cover everything needed to be able to pass the exam well.
November 3, 2019 at 5:46 pm #551500
teshwar
Participant
- Topics: 46
- Replies: 30
What is current? Or you meant it is correct?
November 4, 2019 at 9:33 am #551531
John Moffat
Keymaster
- Topics: 57
- Replies: 54787
It was autocorrect 🙂
I meant it is correct!
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