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IAS16 and IFRS9

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › IAS16 and IFRS9

  • This topic has 0 replies, 1 voice, and was last updated 6 years ago by dalvi97.
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  • October 17, 2018 at 8:07 am #478887
    dalvi97
    Participant
    • Topics: 4
    • Replies: 3
    • ☆

    Hi sir,

    https://opentuition.com/acca/fr/acca-fr-chapter-5-ias16-questions/
    Question 2 in this practice test (Zeus Example). Why is the depreciation taken for half year and not whole? Please check.

    AND

    HERE,
    https://opentuition.com/acca/fr/acca-fr-chapter-10-financial-instruments-ifrs-9-questions/

    Question 2, (2 investments) the answer should be
    SOFP :- 80000; SPL 10000 gain; OCI 5000 loss as the investment no. 2 is held for long term?
    Please check this answer too because it shows nil balance on OCI

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