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Mini Exercise 5 Excess depreciation & pup Question 3

This topic has 3 replies, 2 voices, and was last updated 7 years ago by MikeLittle.

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November 28, 2015 at 7:28 am #285845
DreamerSK
Member
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Please can you tell me how to get 800 000 pup? I got 600 000. I took 1 million pup on transfer and divided by a useful life of 2.5 years to get 400 000. Then I subtracted 400 000 from 1 million to get 600 000 pup.
November 28, 2015 at 8:46 am #285863
MikeLittle
Keymaster
- Topics: 26
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Are you sure that it’s not just a half year since the transfer so only 6 months’ depreciation?
November 28, 2015 at 8:59 am #285869
DreamerSK
Member
- Topics: 24
- Replies: 89
I see. Thank you.
November 28, 2015 at 9:39 am #285875
MikeLittle
Keymaster
- Topics: 26
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You’re welcome
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