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Hi Sir, as I noted in the consol PL working, the entries related to PPE (depreciation charge, revaluation loss) were recorded to administrative expenses. Eg: the Case study of Ashanti – Q50 BPP.
I think that the PPE’s future economic benefit flow to entity, especially in operational activites. Therefore, if there is not mentioned in the case study that the PPE is used in administrative/selling department, it should be recorded to cost of sales.
In addition, also in this case study of Ashanti, I noted that provision for doubful debt is recorded to finance cost meanwhile I think the provision for doubful debt should be in cost of sales?
Did I understand anything wrong here?
Appreciate for your help.
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