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Depreciation Example 3 – change in estimate

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Depreciation Example 3 – change in estimate

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by P2-D2.
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  • October 17, 2018 at 9:31 pm #478991
    hodge
    Member
    • Topics: 6
    • Replies: 15
    • ☆

    Hi Chris,

    the question asks for the amounts shown for the year ended 31 Dec 2015. I completely understand and follow the workings but shouldn’t it say Dec 2014 since the calculations we arrive at are for 31/12/14?

    October 19, 2018 at 4:30 pm #479220
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 6440
    • ☆☆☆☆☆

    Hi,

    Good to see you’ve been working through the PPE chapter in detail and glad you understand it.

    We have to work out the carrying value at 31 December 2014 to then apply the new estimate of depreciation which will be applied from 1 January 2015. Once we’ve applied this new depreciation figure for a year we are then at 31 December 2015.

    Thanks

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