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Hi can some help me how to calculate the depreciation charge
For the financial year ending 31 May, 20X9Question
1. John co owns a non-current asset which cost $75,000 on 1 June 20X6. It had a useful of 10 years and an expected residual value of $5,000. Non-current assets are depreciated using the straight line method.
On 1 June 20X8, John co estimated that the remaining life of the asset was now only five (5) years with an expected residual value of $3,000
If you wish for me to reply then you must ask in the Ask the Tutor Forum – this forum is for students to help each other.
However, why are you attempting questions for which you do not have an answer – you should be using a Revision Kit from one of the ACCA approved publishers. They have answers and explanations 🙂
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