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Forums › CIMA Forums › Chapter 30 question 5
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
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
