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Dear John and Team,
I’m in the middle of revision and would really appreciate some help on the following:
Eg 5 P has a year end…On 30 June 2003 the building is revalued at 3072000…
In John’s lecture he depreciates the building on the old value of 3.6m for 6 months( Dec 20X2 to June 2003), but I was wondering why you did not depreciate on the new value of 3072000 for the other 6 months, given that the period end is December 20X3?
Thanks in advance for your response.
Sarah
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