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#2. Depreciation Charge

Forums › ACCA Forums › ACCA FA Financial Accounting Forums › #2. Depreciation Charge

  • This topic has 0 replies, 1 voice, and was last updated 5 years ago by teshwar.
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  • November 3, 2019 at 6:10 pm #551502
    teshwar
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    • Topics: 46
    • Replies: 30
    • ☆☆

    Question.

    Mabel bought a factory on 1 January 20X3 for $180,000. It is depreciation monthly on a straight line basis over 50 years. On 1 July 20X6 the factory was revalued to $223,200.

    What should the depreciation charge be for the year ended 31 December 20X6?

    Answer

    Depreciation for six months 1 January 20X6 to 30 June 20X6

    180,000/50 years = 3,600 x 6/12 = 1,800

    Therefore,

    223,200/ 46.5 years = 4,800 x 6/12 = 2,400

    Total depreciation charge for 20X6 is 1,800 + 2,400 = 4,200

    Can you explain how they got 46.5 years …. I getting 46.4 years

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