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Sale of Plant to group

This topic has 2 replies, 2 voices, and was last updated 13 years ago by MikeLittle.

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April 21, 2011 at 1:13 am #48165
sweety2009
Member
- Topics: 9
- Replies: 4
Associate sells plant to group after year end. Plant had cost of 10mil. Was not depriciated for the year before sale. Plant has 5 yrs remaining.Thus depriciation of 2mil.What I do not understand is why the other 8mil was added back to PPE.Year end is October 2005 and the said sale was November 2005. I need a better understanding. HELP HELP.
April 21, 2011 at 1:22 am #81011
sweety2009
Member
- Topics: 9
- Replies: 4
Please P2 tutor I need some live chat sessions. My head is in a spin and only you
can help. This piecemeal acquisition has me in a bad way. Only you can give me some clearance. Thank you sir.
April 25, 2011 at 7:45 pm #81012
MikeLittle
Keymaster
- Topics: 27
- Replies: 23200
Hey Sweety! Chat sessions will start in the next week or so. Don’t panic! For piecemeal acquisitions, have you worked through the course notes? I thought they were quite good but …. maybe I’m wrong 🙁
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