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So, in the same question there is part relating to suspense account.. I didn’t understand how to account for it as I referred the solution as well but is not making sense to me. Please help…
Oh yes ! I apologize for such stupid queries.. Exams round the corner.. stress has taken over me..Sorry !
And thank you so much for helping out with my queries in such a quick turnaround time.. 🙂
I understood the first two parts wherein we are multiplying 1,000,000 by 60% for 2013 and 2014.. But I fail to understand the last part which is multiplying by 40%.
What I am assuming is that 600,000 and 360,000 is the carrying value of grant after deducting depreciation on it. But nor sure why are we multiplying by 40% in 2015.
Great ! I was only diving it by 5 but forgot to multiply by 3 months instead of full year. Thanks ! 🙂