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DUNE non current asset

This topic has 4 replies, 2 voices, and was last updated 9 years ago by MikeLittle.

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November 9, 2015 at 5:01 pm #281301
noxchi
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- Topics: 12
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sir
in construction contract we depreciated plant for six month i-e 3000
then why are we showing plant for full 9000 in balance sheet in non current asset.
November 9, 2015 at 7:08 pm #281314
MikeLittle
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Did it cost 12,000?
November 10, 2015 at 8:24 am #281403
noxchi
Member
- Topics: 12
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yes and residual value 3000
November 10, 2015 at 8:38 am #281416
noxchi
Member
- Topics: 12
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i got my answer for that
12000-3000=9000*6/18=3000
so 9000-3000=6000+residual value3000
9000 should be shown as nca
November 10, 2015 at 4:28 pm #281547
MikeLittle
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That’s what I thought too – well done
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