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hi mike
what is the difference between current cost and replacement cost pls?
would be great if you could give examples for me to understand better as in bpp, there are saying confusin things
tks
This is a copy of the reply that I sent to you on 17 May at 2.11
Did you not read it?
“As for current cost accounting and replacement costs, chapter 22 is really all you’re likely to need to know
It’s certainly NOT going to be the basis of a 20 marker and there is a simple example on page 129 to illustrate a current cost trading account
In addition, the trade-off diagram (looks remarkably similar to the impairment diagram!) demonstrates the extent of your required understanding
Stop panicking and do a consolidation followed by 2 hours of mcqs!”
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