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P2-D2.
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katambac
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Can there be a question in the exam where you have residual value given to you ? In the examples worked there is zero residual value.
If so , what do we do if given residual value.
P2-D2
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Hi,
I suppose a residual value could be given and if so then you would use it to calculate the new depreciable amount of the asset (revalued amount less residual value). This would then allow you to work out the new depreciation charge.
Thanks
katambac
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