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OpenTuition | ACCA | CIMA
Free ACCA and CIMA on line courses | Free ACCA, CIMA, FIA Notes, Lectures, Tests and Forums
OpenTuition | ACCA | CIMA
Free ACCA and CIMA on line courses | Free ACCA, CIMA, FIA Notes, Lectures, Tests and Forums
Please how was the balance b/f of $1,710,000,000 arrived at in the solution provided for question 6 ?.
Thanks.
Please how was the balance b/f of $1,750,000,000 arrived at in the solution provided for question 4 ?.
Thanks.
Hi,
This might be too late.
There is an omission of space. It’s not a b/f of 1,750,000. It is actually the year ending ’17 – with 50,000.00 as initial entry. Same applies for the second row.
How do I use the market discount rate on lease?
Apply the discount rate on the lease liability at year-end before deducting lease payments(if they’re paid in arrears)
Question 1- should depreciation not be calculated on the Right of Use asset valued at the present value of lease payments?
Can someone please clarify? Do I calculate interest after deducting payments or before? Thank you!
Same here. How r we going to know if interest will be calculated after we r before the installment
WHERE CAN I FIND SOLUTIONS,ANSWERS?
Good day. If payments are made in arrears we first calculate interest then deduct payments. If we pay in advance first we deduct payment then calculate interest. Hope you get it.
Question on 4 & 6. Aren’t the interest being calculated on the B/F AFTER cash deducted? This was in the lectures.
Thank you in advance!
It is only when payments are made in advance. However, if payments are made in arrears interest rate is computed on the bal b/f before deducting the payment.
Plz The 250000 used to charge 10% came from where?
380000-130000=250000