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Exam question

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Exam question

  • This topic has 3 replies, 3 voices, and was last updated 2 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • June 11, 2022 at 7:53 am #658435
    LuxetVeritas
    Participant
    • Topics: 24
    • Replies: 20
    • ☆

    Sir, in the exam, in section C it was said that a company invested in a machinery, and it could claim 100% tax allowable depreciation in the first year it was bought. After 5 years, its scrap value would be 5m. What I did was first of all I calculated tax saving as a result of tax allowable depreciation. Since no balance remained for depreciation, at the end of year 5, as a result of scrap value, I calculated a balancing charge. So, did I do right?
    Thank you so much

    June 11, 2022 at 8:42 am #658452
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54675
    • ☆☆☆☆☆

    It sounds right, but I cannot say for certain until I have seen the exam (which will not be for several weeks).

    June 13, 2022 at 11:58 am #658627
    Sankwww
    Participant
    • Topics: 9
    • Replies: 85
    • ☆☆

    Hello I got the same question. Did you consider the research and development cost?

    June 13, 2022 at 2:41 pm #658644
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54675
    • ☆☆☆☆☆

    I am not going to discuss the recent exam until I have seen the paper.

    (If you want to discuss with each other then please do so in the thread that exists for this purpose: https://opentuition.com/topic/june-2022-acca-fm-exam-instant-poll-and-comments/

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Exam question’ is closed to new replies.

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