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.
Ask the Tutor ACCA FR
DUNE non current asset
10y ago#1Did it cost 12,000?
yes and residual value 3000
i got my answer for that
12000-3000=9000*6/18=3000
so 9000-3000=6000+residual value3000
9000 should be shown as nca
10y ago#4That's what I thought too - well done
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