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why is the non-current asset account a net book value account and not the at cost value of non-current assets?
for cash flows indirect method
You have not said what question you are referring to.
It depends on what information is given in the question. If you are only given the NBV’s in the SOFP then you can only do your workings on the NBV’s. If you are given the cost and accumulated depreciation figures separately then you can do your workings on them.
so what happens if i am given the cost and accumulated depreciation separately? wouldn’t i still be calculating the net book value with that to then put into the t account to find the value for purchases?
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