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Difference between calculating property plant & equipment under cost value and under carrying value.

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Difference between calculating property plant & equipment under cost value and under carrying value.

  • This topic has 1 reply, 2 voices, and was last updated 12 years ago by MikeLittle.
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  • September 20, 2012 at 7:35 pm #47127
    zrahman009
    Member
    • Topics: 3
    • Replies: 1
    • ☆

    I am confused and can’t find out yet when to calculate the PPE under ‘cost value’ andwhen to calculate PPE under ‘carrying value’ in cash flow statement. Its giving me big trouble while calculating PPE. Please Clarify.

    September 21, 2012 at 5:33 am #75806
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23318
    • ☆☆☆☆☆

    Look for a Revaluation Reserve Account movement. If there’s a movement this year compared with last year, then some PPE has been revalued during the year.

    I wasn’t sure what your question was but, if I have interpreted it correctly, then the above should have answered it.

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