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Chapter 30 question 5

Forums › Ask CIMA Tutor Forums › Ask CIMA F1 Tutor Forums › Chapter 30 question 5

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by P2-D2.
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  • Author
    Posts
  • July 21, 2017 at 6:43 pm #397985
    rebeccapitcher123
    Participant
    • Topics: 1
    • Replies: 0
    • ☆

    On this question it states add back depreciation and disallowed expenses and minus disallowed depreciation. However it looks like it has got them around the wrong way

    Acc profit. 350,000
    Add
    Depreciation 45,000
    Dis exp. 20,000

    Less
    Dis depn. -30,000

    = 315,000

    This is what the answer says should it not be 385,000

    July 26, 2017 at 8:52 am #398710
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7141
    • ☆☆☆☆☆

    Hi,

    Yes, it looks like a mistake. Thanks for pointing it out. I’ll update it for the next set of notes. Hope the studying is going well.

    Thanks

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