[kimrong]

Yeah, thank you!

And Well, no more information given in the qns. I have copied exactly same from the book.

[kimrong]

The answer is derived from deducting excess depreciation ($340k/20) and revaluation loss ($7k).
(i.e 340k-17k-7k=316k )

And I dun understand why they find the excess depreciation by using revaluation reserve divide with the remaining life?.

[kimrong]

Sry, that’s right. But it’s not a correct answer. The answer is $316k.

[Author]

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