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SOPL

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › SOPL

  • This topic has 3 replies, 2 voices, and was last updated 3 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • October 17, 2021 at 3:41 pm #637891
    James124
    Participant
    • Topics: 166
    • Replies: 138
    • ☆☆☆

    Loss on disposal of NCA comes under which category? Distribution expense or Administration expense?

    October 18, 2021 at 7:12 am #638123
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54724
    • ☆☆☆☆☆

    It depends on the type of asset and is the same rule as for depreciation.

    If, for example, it is a delivery van, then the loss is a distribution expense.
    If it is machines in the factory, then the loss is in cost of sales.
    If it is equipment in the office then it is an administration expense.

    October 19, 2021 at 10:04 am #638442
    James124
    Participant
    • Topics: 166
    • Replies: 138
    • ☆☆☆

    Thank you tutor.

    October 19, 2021 at 4:18 pm #638510
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54724
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘SOPL’ is closed to new replies.

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