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section a dec 2014 mcq ques 3

Sshonamushayi11y ago
mike was just practising the mcq ques3 i understand why the first item of plant was charged 2 year depreciation under historical cost but failing to get the logic behind the new plan , why did they have to calculate the current cost by taking into account 2 years of depreciation ,when the plant was new in 2014
MikeLittleMikeLittleTutor11y ago#1
It's the way the rule works! What's the cost of replacing similar plant in similar condition of similar age Ok?
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