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FR Notes Depreciation page 28

Former userFormer user3mo ago
First of all, thank you for this amazing resource. I am not being flippant when I say you deserve MBEs for its creation. My question is about the "Illustration - Revaluation and annual excess depreciation transfers" on page 28. I just can't work out how the historic depreciation is 5 years... I would have calculated it as 21 years left (4 years historic) to depreciate when doing the 31/12/24 statements. If the buildings/land were bought on 1 Jan 2020 and revalued 1 Jan 2024. Am I missing something? Thank you!
P2-D2P2-D2Tutor3mo ago#1
Hi, Thanks for the kind comments, just not too sure about King Charles's thoughts on MBEs for us all. I think there is a slight error in the calculations. It should be 5 years based on the dates. Good luck with the rest of the studies. Thanks
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