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BPP revision kit – Mock Exam 1 (Specimen Exam)

This topic has 1 reply, 2 voices, and was last updated 3 years ago by John Moffat.

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July 8, 2021 at 9:20 pm #627251
kavishabrito
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Question 23, the answer says to add $180,000 but I don’t understand from where they got that value.
July 9, 2021 at 8:29 am #627265
John Moffat
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The $180,000 is the cost of $240,000 at the start of the year, less the cost of the asset that was sold on 31 March of $60,000. The leaves the cost of the assets remaining as being $180,000.
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