IFRS 5 NCA-HFS Example 1 – ACCA Financial Reporting (FR)
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Sorry the pro-rata basis for depreciation was noted as an important point to note, but I dont see anything different in the calculation of Depreciation. Was it the 11 months derivation in 20X4?
I literally didnt copy ‘63,000’ in my notes because i knew this is around the part he makes a mistake
GREAT LECTURE
Great lecture!
Lovely Lecture!!
Thank you!
Thanks boss please what will be the treatment if the asset was actually sold?thanks
If the asset is sold then, We will have to show a new Row in the SOPL as a Profit from Discontinued Operations.
does that mean Dr Profit/ (loss) SOPL and Cr NCA held for sale in SOFP?