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hungd357

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Active 9 years ago
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  • November 25, 2014 at 4:01 pm #213161
    mysteryhungd357
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    • Topics: 1
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    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!

    August 8, 2012 at 5:33 am #102603
    mysteryhungd357
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    • Topics: 1
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    67%, Vietnamese variant, feel so happy right now :D!

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