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60% pass, this was my second try so very happy to have completed the last Applied Skills exam
Hi, I think you can have your calculator and “Two pieces of rough scratch paper”
This FAQ page may help: https://www.accaglobal.com/uk/en/student/exam-entry-and-administration/about-our-exams/remote-exams/on-demand-remote-exams/faqs.html#What-equipment-am-I-allowed-to-you-use-during-the-exam?
Hi, because the question says the net assets were $15 million less than their carrying amount. This means the carrying amount is too low by $15 million so you need to add it on and then tax it
Hi, I came accross this when studying today:
“A Government Grant is initially recognised as a liability (deferred income) which is brought into the P&L over the useful life of the asset, to offset depreciation.”
So you use the depreciation % here as the deferred income is calculated to offset the asset depreciation.