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Cost of Property 400 $12m
Accumulated depreciation as at 1 january x4 $3.6m
On july 1, x4, following a sustained increase in property prices, Veeton revalued its property to 10.8m.
what will be the depreciation charge to SOPL for the year ended 31 December x4?$540000
$600000
$800000
$700000Sir , Can you please solve this question?
I try to do it but ans doesn’t match
Ans is 700000
Please Help me with this questionAre you sure you have typed out all of the question because there is not enough information to be able to answer it on what you have typed.
We need to know either the rate of depreciation being charged, or alternatively the date of the original purchase in order to be able to calculate the expected useful life or the property.
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