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IAS 16 depreciation

Forums › Ask CIMA Tutor Forums › Ask CIMA F1 Tutor Forums › IAS 16 depreciation

Viewing 3 posts - 1 through 3 (of 3 total)
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  • September 2, 2016 at 7:05 am #336974
    edit
    Member
    • Topics: 25
    • Replies: 21
    • ☆

    Hello Chris,

    Thanks for the tutorials, I am self-studying and these are just perfect.

    Anyways, IAS 16 Depreciation, example 3. Why was the residual value ignored? The example didn’t say that the residual value changed and surely it needs to be deducted in the case of linear depreciation?

    Thanks

    September 2, 2016 at 8:53 pm #337152
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7163
    • ☆☆☆☆☆

    Hi,

    Welcome to Open Tuition. I’m glad you’ve found it all useful so far.

    Excellent, yes you’re right I should have deducted the residual value to calculate the depreciable amount when applying the straight line method of depreciation. Good spot, I’ll update it when I get the chance.

    Thanks

    July 2, 2018 at 7:01 am #460704
    roshabh
    Member
    • Topics: 0
    • Replies: 1
    • ☆

    I had this question to ask – thanks, found the answer.

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