Depreciation

This topic has 1 reply, 2 voices, and was last updated 4 years ago by Stephen Widberg.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
September 25, 2021 at 11:14 am #636465
Gigakutkha
Participant
- Topics: 26
- Replies: 11
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!
September 25, 2021 at 11:34 am #636469
Stephen Widberg
Keymaster
- Topics: 17
- Replies: 3453
All I can think of is depreciating PPE which is being used for development of, say, a new medicine.

Dr Intangible (Dev Cost)
Cr PPE
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.