Current cost measurementForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Current cost measurementThis topic has 1 reply, 2 voices, and was last updated 3 years ago by P2-D2.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts May 9, 2020 at 1:05 pm #570398 Haameenatadams@gmail.comMemberTopics: 1Replies: 0☆In the lecture video, chapter 1 on measurement. Current cost was $250,000 on 31 dec, x2 and the carrying value was stated at $200,000 on 31 Dec, x2. Does this mean for current cost depreciation is computed retrospectively? May 10, 2020 at 3:48 pm #570498 P2-D2KeymasterTopics: 4Replies: 6875☆☆☆☆☆Hi,If we adopt current cost accounting then we wouldn’t go back and retrospectively charge the depreciation, we’d charge it from now going forward.ThanksAuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In