In this question they have taken Depreciation of 10% on Non-current assets value before accumulated depreciation, is this correct as we should take it on Net book value (non-current asset value - accumulated depreciation)?
Ask the Tutor ACCA AFM
Kodiak Co June 2009
2y ago#1The question specifically says that the depreciation is calculated on the balance before accumulated depreciation. (It is therefore normal straight line depreciation as opposed to reducing balance)
Thank you Sir!
2y ago#3You are welcome.
This topic is locked — no new replies.