• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

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

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

June 2025 ACCA Exam Results

Comments & Instant poll >>

20% off ACCA & CIMA Books

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

Non Current Assets

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Non Current Assets

  • This topic has 3 replies, 2 voices, and was last updated 4 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • August 16, 2020 at 4:06 am #580721
    izazwali13
    Member
    • Topics: 36
    • Replies: 27
    • ☆☆

    On 31 January 2008,Westvale Co disposed of a building for 450000.The building was accounted
    for using revaluation model. At the date of disposal,after deduction of accumulated depreciation of 90000,the building had a carrying amount of 310000.It also had a revaluation surplus in equity of 30000.
    What was the Westvale Co’s profit on disposal of the building for inclusion in the statement of profit or loss for the year ended 31 December 2008?
    Sir the i know that the revaluation is not included in profit but sir we know the disposal proceeds minus carrying amount is 450000-310000=140000 but in book the depreciation is added back to the carrying amount 410000+90000=500000 and the profit is 50000 .
    Sir why the depreciation is added back

    August 16, 2020 at 10:46 am #580737
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54705
    • ☆☆☆☆☆

    The figures are you have typed them do not make sense.
    If it is a question in the BPP Revision Kit then please tell me which question so I can check the wording.

    August 16, 2020 at 1:18 pm #580763
    izazwali13
    Member
    • Topics: 36
    • Replies: 27
    • ☆☆

    Sir sorry for miswording i got it

    August 16, 2020 at 3:59 pm #580784
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54705
    • ☆☆☆☆☆

    That’s good 🙂

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Non Current Assets’ is closed to new replies.

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • John Moffat on Financial management objectives – ACCA Financial Management (FM)
  • sallauddinsk on Financial management objectives – ACCA Financial Management (FM)
  • kmottea on IASB Conceptual Framework – Introduction – ACCA Financial Reporting (FR)
  • kmottea on IASB Conceptual Framework – Introduction – ACCA Financial Reporting (FR)
  • Hamza101 on Sub-leases – ACCA (SBR) lectures

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in