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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Statement of cash flows
Sir, why do we take cost of the NCA as disposal in the NCA account
We usually have to take the carrying amount as the disposal then why do we also take the cost as the carrying amount?
On disposal, the cost is transferred to the disposal account and the accumulated depreciation is transferred to the disposal account.
The carrying amount is the cost less the accumulated depreciation.