• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

Example 5 – Revaluations in Deferred Tax – Clarke

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Example 5 – Revaluations in Deferred Tax – Clarke

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by P2-D2.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • July 13, 2021 at 9:59 am #627597
    Aayush98
    Member
    • Topics: 17
    • Replies: 9
    • ☆

    Hi,

    In example 5, why is the depreciation charged as 30,000 even if the revaluation was done after 3 years on 31 Dec 2015 and it was bought on 1 Jan 2013 i.e. 1 Jan 2013 to 31 Dec 2013, same for 2014 and same for 2015. Therefore, shouldn’t the depreciation for the year ending 31 December 2015 be 10,000 rather than 30,000?

    Please advise on the same.

    Kind regards,

    Aayush Shah

    July 14, 2021 at 8:42 pm #627764
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7163
    • ☆☆☆☆☆

    Hi,

    No, the accumulated depreciation is 30,000 which has reduced the asset from its cost of 500,000 to its current carrying value at the end of the year of 470,000 prior to any revaluation taking place.

    Thanks

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • DeborahProspect on ACCA SBR Specimen Exam 2 Question 1
  • darshan.69 on Chapter 9 Pension Schemes TX-UK FA2023
  • darshan.69 on Chapter 9 Pension Schemes TX-UK FA2023
  • Jarzin on The Finance Function in the Digital Age – CIMA E1
  • dkessilfie on FM Chapter 1 Questions – Financial management objectives

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in