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Intangible Asset

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Intangible Asset

  • This topic has 3 replies, 2 voices, and was last updated 4 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • December 4, 2020 at 12:17 pm #597626
    ketki15
    Member
    • Topics: 60
    • Replies: 15
    • ☆☆

    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?

    December 4, 2020 at 2:10 pm #597639
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54788
    • ☆☆☆☆☆

    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.

    December 4, 2020 at 4:17 pm #597651
    ketki15
    Member
    • Topics: 60
    • Replies: 15
    • ☆☆

    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?

    December 5, 2020 at 7:34 am #597692
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54788
    • ☆☆☆☆☆

    Yes – it looks as though it probably is an error.

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