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Calculating Depreciation

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Calculating Depreciation

  • This topic has 3 replies, 2 voices, and was last updated 5 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • June 30, 2020 at 12:47 pm #575432
    akhila.vijay93
    Participant
    • Topics: 41
    • Replies: 43
    • ☆☆

    Hi John
    when we are asked to calculate depreciation and there is a sale proceed at the end of last year, should we consider the last year’s depreciation before calculating the balancing allowance?

    July 1, 2020 at 9:10 am #575589
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54809
    • ☆☆☆☆☆

    Strictly no, but in fact it makes no difference to the total allowances in the final year whether you do or not.

    July 2, 2020 at 7:06 am #575707
    akhila.vijay93
    Participant
    • Topics: 41
    • Replies: 43
    • ☆☆

    Thank you John.

    July 2, 2020 at 9:29 am #575716
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54809
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Calculating Depreciation’ is closed to new replies.

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