Hiya
I am struggling with the depreciation calculation - I have some how managed to get £56 and not £50
I had:-
Tangibles 681
Sale of Tangible (103)
Bal 578
Addition 200
Bal 778
Revaluation 110
Bal 888
Depreciation (56)
Total Balance 832
Can someone help please.
Thank you
Ask the Tutor ACCA FR
Statements of Cash Flows Example 6 pg 109
What was the book value of the asset at the date of sale? Was it 103 or was it 109?
Ok?
Hi Mike
Many thanks for the speedy reply.
Yes, I can see my error now, I hadnt taken account of the loss of £6000 in my calculation
Have a good Evening :)
And you Annie
I would rather point you in the right direction than spoon feed you :-)
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