Skip to content

Ask the Tutor ACCA FA

Disposal of building

Rritika_bhardwaj48m ago

On 1 Jan 20X7 a building with carrying amount of 700,000 was revalued to 750,000. The remaining useful life at that date was 25 years. On 1st Jan 20X7 building sold for 800,000 .what is the profit On disposal of building in SPL for year ended 31 Dec 20X7? Answer in bpp solution is 110,000.

Sign into reply to this topic.