Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

September 2025 ACCA Exam results

Post comments & Instant poll

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for December 2025 exams.
Get your discount code >>

June 12 William (a)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › June 12 William (a)

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • February 26, 2018 at 5:56 am #438953
    sss111
    Member
    • Topics: 37
    • Replies: 5
    • ☆

    Part (a) : When calculating the depreciation of building, why don’t we take the carrying amount of $3.5m and divide it by 20 years ? Instead, they considered the sales proceeds.

    March 4, 2018 at 7:38 pm #440182
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7207
    • ☆☆☆☆☆

    Hi,

    The building is now held at $5 million as it was derecognised at its carrying value and then recognised at its fair value, the proceeds. It is then depreciated over the 20 years.

    Thanks

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.