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cash flows finding purchase of NCA

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › cash flows finding purchase of NCA

  • This topic has 3 replies, 2 voices, and was last updated 3 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
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    Posts
  • April 5, 2019 at 12:29 pm #511293
    kingkongsajang
    Member
    • Topics: 95
    • Replies: 75
    • ☆☆

    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

    April 6, 2019 at 9:49 am #511338
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51538
    • ☆☆☆☆☆

    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.

    April 7, 2019 at 8:50 pm #511410
    kingkongsajang
    Member
    • Topics: 95
    • Replies: 75
    • ☆☆

    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?

    April 8, 2019 at 12:36 pm #511448
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51538
    • ☆☆☆☆☆

    No – if you are given them separately then in your workings you should write up each of the two accounts and find the missing figures.

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