BPP revision kit – Mock Exam 1 (Specimen Exam)

This topic has 1 reply, 2 voices, and was last updated 4 years ago by John Moffat.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
July 8, 2021 at 9:20 pm #627251
kavishabrito
Participant
- Topics: 17
- Replies: 15
Question 23, the answer says to add $180,000 but I don’t understand from where they got that value.
July 9, 2021 at 8:29 am #627265
John Moffat
Keymaster
- Topics: 57
- Replies: 54851
The $180,000 is the cost of $240,000 at the start of the year, less the cost of the asset that was sold on 31 March of $60,000. The leaves the cost of the assets remaining as being $180,000.
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.