FA Chapter 6 Questions Depreciation

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1. John Moffat says

   October 23, 2024 at 5:28 pm

   It was sold on 1 Jan 2014, but this is during the accounting period ending on 31 October 2014 (i.e. from 1 November 2013 to 31 October 2014).

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2. Fumie says

   October 23, 2024 at 1:18 pm

   Hi, Could you please help me to understand Q2,

   Why do we have to add the depreciation expense from Jan 2014 to Oct 2014 even though the machine is sold on 1 Jan 2014?

   Thank you in advance.

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