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Hi Mike,
Why we didn’t calculate depr. for plant that is already on balance at the 30th Sep? It should be (126 – 26) x 12,5%, right?
There is depr for Building but not for the plant.
Thank you.
Hi, thanks for this – it looks like I got too excited with the building revaluation that I forgot entirely about the plant!
The plant depreciation on the existing plant brought forward should be:
(128,000 – 32,000) x 12.5% = 12,000
Where did you get 126 and 26 from?
Yes, you are right.
I am not sure how I get numbers from my post, but depr. should be calculated with your numbers.
Thank you, Mike.
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