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kimrong

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Active 9 years ago
  • Topics: 1
  • Replies: 3
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Viewing 3 posts - 1 through 3 (of 3 total)
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  • February 14, 2015 at 2:33 pm #228371
    mysterykimrong
    Member
    • Topics: 1
    • Replies: 3
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    Yeah, thank you!

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

    February 14, 2015 at 11:11 am #228360
    mysterykimrong
    Member
    • Topics: 1
    • Replies: 3
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    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?.

    February 14, 2015 at 11:03 am #228357
    mysterykimrong
    Member
    • Topics: 1
    • Replies: 3
    • ☆

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

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Viewing 3 posts - 1 through 3 (of 3 total)

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