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Section C, Q29 solution (BPP workbook)

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Section C, Q29 solution (BPP workbook)

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by Avatarvikipulka.
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  • August 15, 2022 at 3:38 pm #663136
    Avatarkarolacca
    Participant
    • Topics: 8
    • Replies: 2
    • ☆

    Hi Guys. I am slightly confused with the solution to question C29 from further question practice in BPP FR workbook. It is about the carrying value of the license. It was bought for 1200 on the 1st of January with a useful life of 10 years. The workbook says that the carrying amount of this intangible at the beginning of February (after 1 month) is also 1200. Shouldn’t the carrying amount be reduced by 1 month of amortization i.e. by -10?

    August 16, 2022 at 9:06 pm #663213
    Avatarvikipulka
    Participant
    • Topics: 19
    • Replies: 20
    • ☆

    The question sounds interesting, but just mentioning C,Q29 BPP you’re leaving us with no chance of finding the problem/question you’re talking about

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