[midhunh]

hello is there any resources available so i could tackle the stated STEP 1?? preferably in a video form?
Im an ACCA STUDENT who got first 6 papers exempted.
Any help??
I really appreciate your help thank you.

[midhunh]

What should be done is add the cost of machine to the total cost of the contract.
and when finding cost to date only the depreciation is to be added. the same principle of using depreciation which is allocating the cost to the period of use right. and hence only depreciation cost to be added to “cost to date”
hope this clarifies.

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