BPP Mock 2 Q 1 Novaroast Depreciation

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June 3, 2018 at 5:20 am #455663
richardscully
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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?
June 3, 2018 at 9:48 am #455712
John Moffat
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It 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 🙂
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