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Gain on disposal of asset of discontinued operations

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Gain on disposal of asset of discontinued operations

  • This topic has 1 reply, 2 voices, and was last updated 10 years ago by MikeLittle.
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  • May 19, 2015 at 9:37 am #247098
    Adeel
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    In example 1 of F7 Chapter4 notes, Gain of $7000 on disposal of asset of discontinued operations has not been taken in calculation of profit & loss of Discontinued operations, but instead they kept it in administrative expenses of entity can you please tell me why??

    May 19, 2015 at 7:45 pm #247238
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23333
    • ☆☆☆☆☆

    I think it’s because the $7,000 gain, netted off the administrative expenses, has been netted off in arriving at $10,000 as shown in the question

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