[hungd357]

Hi Emma,

Thanks a lot for your reply. Much appreciated!

The question is: what will be depreciated to the asset account and what will the next year depreciation charge be?

From my under standing: revalued by $600,000 means the assets will now have a carrying of: (800,000 – 560,000) + 600,000 which is now $840,000.

Depreciation by straight line for 5 years results a depreciation charge of $168,000 each year.

A debit of $40,000 to the asset account results in $840,000, the new carrying figure above? I still don’t get this part? Really appreciate if anybody can help me with this.

Thanks a lot!

[hungd357]

67%, Vietnamese variant, feel so happy right now :D!

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