Sir
If you see in the plant and machinery investment at 60 million, it states that there is a 10% government grant on the machines. You cannot depreciate the grant, it must be deducted from the cost of the plant as far as I remember. (f7)
The answer show 60 million over 5 years
What is the correct one?
Ask the Tutor ACCA AFM
BPP Mock 2 Q 1 Novaroast Depreciation
8y ago#1It depends on the tax rules in the south american company, but I would have depreciated only the 54M and would still have got the marks :-)
Sign in to reply to this topic.