Skip to content

Ask the Tutor ACCA FA

Non current asset

Rritika_bhardwaj1h ago

You need to find the carrying amount of the building in financial statements at 31 oct 20X6. Building was purchased on 1 nov 20X1 at cost 1500,000 accumulated depreciation at 1 nov 20X5 300,000. At the same date it is professionaly valued 1800,000. Building are depreciated at 5% of cost.

Sign into reply to this topic.