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Hallo kindly assist on the retained earnings group reserves for Lose on the answer sheet its( 200+10-2-80) x 20% I do not understand where the 10 is coming from
Note (ii) in the question about the operating lease. It has cost Lose 10 to convert / improve the leased premises and the lease is for 6 years. The improvements should be capitalized as “tenant’s improvements” but they have been expensed.
We therefore need to add them back to the retained earnings of Lose net of the 2 anticipated cost of dismantling the improvements
Ok?
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