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Carl Q11 at end of notes

This topic has 6 replies, 2 voices, and was last updated 4 weeks ago by maximus07.

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March 1, 2023 at 3:33 pm #679886
maximus07
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Why are lorries disposal is deducted from main pool?
In past when we have purchased them so there is a chance that we have AIA on them. We should have done balancing adjustment of 8450-5000= 3450 on each lorry.
March 1, 2023 at 4:32 pm #679894
JillyB
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In an exam question you will not have to deal with the disposal of an asset that has attracted AIA.
If the lorry has not attracted AIA it goes into the pool and not in a separate column
March 1, 2023 at 4:55 pm #679905
maximus07
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Thank you
March 2, 2023 at 3:35 pm #679984
JillyB
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no worries – when are you taking your exam so I know the flow of questions will end?!
March 3, 2023 at 11:19 am #680048
maximus07
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On 7 of March. Thank you
March 3, 2023 at 12:58 pm #680054
JillyB
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All the best
March 3, 2023 at 1:19 pm #680057
maximus07
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Thank you so much
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