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CH. 7 Exam preparation solution – Non-current assets

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › CH. 7 Exam preparation solution – Non-current assets

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  • June 19, 2021 at 11:15 am #625802
    sherlock221B
    Participant
    • Topics: 15
    • Replies: 2
    • ☆

    Sir,

    In the solution [CH. 7 Exam preparation solution – Non-current assets] depreciation for office building for the year, 20X8 is given as 500.
    Can’t it be 700 (14000/10)*6/12? 14000 fair value and new estimated life 5 years

    Thank you

    June 24, 2021 at 8:21 pm #626231
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7149
    • ☆☆☆☆☆

    It might be, I’ll have a check and get back to you. Thanks

    June 25, 2021 at 2:28 pm #626296
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7149
    • ☆☆☆☆☆

    Hi,

    Thanks for spotting the error. I’ll get the notes updated. Not sure where I got the original 500 from?!?!?!

    Thanks

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