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Hi can you tell me if these steps are correct
NCA cost X
Less: Residual value (X)
Equal: Carrying amount
Less: Depreciation (X)
Equal: Net book value
Less: proceeds or disposal (X)
Equal: Profit or loss X/(X)It is current. Have you watched my free lectures on this? The lectures are a complete free course for Paper FA and cover everything needed to be able to pass the exam well.
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