DEC 2014 MCQ-3Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › DEC 2014 MCQ-3This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts February 24, 2016 at 3:35 pm #301852 yushanshanMemberTopics: 84Replies: 70☆☆Hi sir, As at 30 Sep 2014, the current price is 600k , I just wonder the reason why we need to go on depreciating. Thanks in advance. February 25, 2016 at 7:29 am #301951 MikeLittleKeymasterTopics: 27Replies: 23137☆☆☆☆☆This is not a replacement cost exercise or the valuation method that we’re looking at. The concept of current cost accounting is to ask “What would be the value of a 2 year old asset if we had had to pay current prices?”AuthorPostsViewing 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