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The formula for excess depreciation is:
Depreciation on historical cost minus depreciation on revaluation cost.
So am confused.
I did the same, but for the excess depreciation calculation, what did you do? I didn’t see any information on previous depreciation so was difficult to establish what the new depreciation and excess would be.
I did a paper based exam , it was ok, but I felt like some information was missing in question 32 for the excess depreciation calculation. The cost of property and previous depreciation was not in the question. Did anyone else have the same experience?