CH. 7 Exam preparation solution – Non-current assets

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June 19, 2021 at 11:15 am #625802
sherlock221B
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Sir,

In the solution [CH. 7 Exam preparation solution – Non-current assets] depreciation for office building for the year, 20X8 is given as 500.
Can’t it be 700 (14000/10)*6/12? 14000 fair value and new estimated life 5 years

Thank you
June 24, 2021 at 8:21 pm #626231
P2-D2
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It might be, I’ll have a check and get back to you. Thanks
June 25, 2021 at 2:28 pm #626296
P2-D2
Keymaster
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Hi,

Thanks for spotting the error. I’ll get the notes updated. Not sure where I got the original 500 from?!?!?!

Thanks
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