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QUESTION 8.20

AArahn5y ago
Hi John I hope your Sunday is going well. please can you help me on this question 8.20. The answer does not take into account the depreciation of the original amount . It takes into account the depreciation of the revalued amount of the asset.
John MoffatJohn MoffatTutor5y ago#1
The answer is correct. When an asset is revalued, the existing accumulated depreciation is removed and from then on depreciation is calculated on the revalued amount. I suggest you watch my free lectures on this.
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