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Govt grants

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Govt grants

  • This topic has 2 replies, 2 voices, and was last updated 2 months ago by P2-D2.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • May 28, 2022 at 6:33 pm #656752
    izazwali13
    • Topics: 36
    • Replies: 26
    • ☆☆

    Question#4:
    Company bought a machine for $10,000 on 1st July 20X8.
    Useful life is 2 years.
    Grant received at 40% on cost of asset.
    Condition:
    If sold within 2 years than full repayment.
    Company sold the machine on 31st December 20X9.
    Required: Entry
    Question#5:
    Company bought a machine for $10,000 on 1st July 20X8.
    Useful life is 2 years.
    Grant received at 40% on cost of asset.
    Condition:
    If sold within 1st year of purchase then full repayment & after 1st year a fixed repayment of $500. Company
    sold the machine on 31st December 20X9.
    Required: Entry
    Sir Plz help to slove it

    May 31, 2022 at 8:49 pm #657004
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 6158
    • ☆☆☆☆☆

    Hi,

    If you demonstrate that you have attempted the question and highlight where you are struggling then you can let me know and then I’ll happily help you out.

    Thanks

    May 31, 2022 at 8:49 pm #657005
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 6158
    • ☆☆☆☆☆

    Hi,

    If you demonstrate that you have attempted the question and highlight where you are struggling then you can let me know and then I’ll happily help you out.

    Thanks

  • Author
    Posts
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