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Hi Sir,
I don’t understand the working you wrote in the whiteboard in video in Question 19, part A -2015 June.
the figure: at End period: $3.6 Milion + $0.6 Milion = 4.2 Milion.
Sir, I don’t understand the figure $3.6 Milion, how did you arrive to this?
Thank you very much for your answer.
Depreciation is 10%. The non-current assets were $4M at the start of the year. So at the end of the year they are $4M – (10% x $4M) = $3.6M
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