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Sir,
In example 4.1 of ROCE in BPP book they have mentioned that capital cost of Asset is $80,000 it’s estimated life is 4 yrs, the profits are given before dep as $20k (yr1), $ 25k in (yr2), $35K in (yr 3) and $25k in (yr4).I am a bit confused as to how have they calculated Mid year net book value?
Plz guide me to this part of the example.
Thanks in advance
I do not have the BPP Study Text – only the Revision Kit. (If you are watching my free lectures then you do not really need a Study Text – the lectures are a complete free course for Paper F9 and cover everything needed to be able to pass the exam well.
The book you do need is a Revision Kit – they contain lots of exam-standard questions to practice.
Without seeing the questions, I would assume that they have added together the opening and closing net book values of the asset and divided by 2 to get the average.
Actually I have been following your lecture and notes for the paper and surely the exam kit.
but unfortunately I have failed it 3 times and this has lead to a de-motivation.
I planned this time to read the study text too.If there is anything you can help me with or guidance to clear this paper this time in June’18 will be highly appreciated.
Thanks 🙂
If you have studied the topics properly and understood them, then it is a question of proper practice and exam technique.
Have you worked through every question in a current edition of a Revision Kit – attempting the questions properly under time pressure before looking at the answers (and then learning from your mistakes)?
Have you spent time learning from the answers to the non-calculation questions (because only 50% of the exam involves calculations)?
In the exam, are you giving an answer to every question (even if you have been just guessing the answers for some of the MCQ’s)?
In Section C, are you setting out your workings in a way that the market can follow, because it is the workings that get the marks rather than the final answer.
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