As per the TB, The cost of Building is 50000 dollars, which was acquired on 1 october 20W6. The Accumulated depreciation on TB is 8000 Dollars on 1 October 20X5. The FS are to be prepared for the year ended september 20X6. I am confused by the calendar dates as the accumulated depreciation is for the ninth year, please do help me with this.
Ask the Tutor ACCA FR
FR June 2026
3d ago#1w/e 30 Sept W7, W8, W9, X0, X1, X2, X3, X4, X5 (the closing position for the TB on 1 Oct 20X5) is indeed NINE years.
Therefore, depreciation for the year ended 30 September 20X6 will be the tenth year’s depreciation.
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