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@nataly1986 said:
What was the answer for depreciation of leased vehicle that wasn’t used? Was it correct not to charge any depreciation?How should we have accounted for consideration of 10% received later as part of the sale with all of these probabilities?
I guessed that this was inventory as this was the ttade of the company and assumed this shouldnt be depreciated.
In regarda to revenue i have calculated expcted revenue and adjusted it at the year end. We were probably supposed to jusy yake the more probable outcome rather than expected value. But who knows…Also it was from a subsidiary so all is translated using the closing rate anyways
The 80m impairment was for the J one that was 100 percent owned
But it mentioned the recoverable amount of the BU subsidiary that was owned 80 percent..was it impaired?
Regarding the gearing: it said Net liabilities are blabla. So i dedudcted the right of of use asset from the net liability but added the liability for the lease payments…not sureHi guys
Couple of questions:
1. Was the subsidiary BU impaired? For me the CV of the subsidiary was lower than the recoverable amount?
2. What are the assets that ar not leased out recognised as? Should they be dpereciated?
3. Was it incorrect to take an average of the expected operating profit for the revenue question rather than the most porbable outcome?
4. What did you say about the exchange rate question? Should he use the bank or the goverbment rate? And is he allowed to use the average exchange rate for p/l.
5. Dis ur geaeing also only go up by 0.08% due to change of new lease policy??
Thanks