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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Intangible Asset
XYZ has a development expenditure of 500000 its policy to amortize development exp at 2% pa. Acc amortization if 20000
What is amount to be included in pnl ad financial position?
PL- 10000
FP-470000
Is this answer I’m getting but the solution says 480000. how so?
I do not think you have typed out the whole question (for example, you mention no dates) and so I cannot explain how the solution is given as 480,000.
If it is a question in the current edition of the BPP Revision Kit, then if you tell me the number of the question I will check it.
There are no dates mentioned in the question.
Is it possible that 480000 is a printing error? because as per the given information 470000 is correct right?
Yes – it looks as though it probably is an error.