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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › section B revision Kit bpp Deringgdo co otq 2019
The solution, uses 10% which isn’t mentioned in the question. I’m confused where it comes from, as cost was 800,000 and residual value equal to 15%, depreciation on straight line basis for 10 yrs. Gov grant of 30% of cost.
Hi,
Depreciating the asset over 10 years is the same as charging 10% each year (i.e. 1/10 = 0.1 = 10%)
Thanks
