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Chapter 7: Foreign Currency (Example 5)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Chapter 7: Foreign Currency (Example 5)

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  • July 15, 2019 at 8:32 am #523450
    choopea
    Participant
    • Topics: 5
    • Replies: 4
    • ☆

    Hi,

    In the example answer 5, in order to calculate post-acquisition RE, the fair value of PPE is calculated as 4000-800.

    My question is why 800? Why not 1200? I thought we have to minus the depreciation charge for three years (20X6 – 20X8).

    Thank you in advance.

    July 17, 2019 at 4:35 pm #524070
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7149
    • ☆☆☆☆☆

    Hi,

    Yes, I think I may have used the wrong number of years in the solution, sorry.

    Thanks

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