Hi,
Could you please explain, what the second part of this sentence means? When and how is it possible?
"Depreciation is charged to the statement of profit or loss, unless it is included in the carrying amount of another asset."
Thanks!
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Depreciation
4y ago#1All I can think of is depreciating PPE which is being used for development of, say, a new medicine.
Dr Intangible (Dev Cost)
Cr PPE
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