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Hi sir,
I am stuck in working 3, depreciation in proceeds on disposal of Northern.
I have been told the fair value uplift of $16m in relation to plant with a remaining useful life of eight years.
Since, the disposal happens on 31 July 2015, I calculate the depreciation in this way: $16m/8years*6/12=$1m. Even the result is the same as the answer. I am just wondering where the 4/8 come from in the answer? ( 4/8 depreciation)
Many thanks
Hi sir,
Besides, I am wondering the step to calculate the $8m deferred tax in working 3.
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