sir can non-current assets for purposes of finding capital employed be ever calculated using Net realisable value(NRV)?
thanks!
Ask the Tutor ACCA PM
ROI and RI
if no then any specific reason?
In practice they can be calculated whichever way we want. However normally (and always in exams unless specifically told differently) we use the figures from the SOFP which will always be net book values and not NRV.
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