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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.
Did it cost 12,000?
yes and residual value 3000
i got my answer for that
so 9000-3000=6000+residual value3000
9000 should be shown as nca
That’s what I thought too – well done