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Extraction from Kaplan FA study text (page no:167)
Accumulated depreciation: X
Balance b/f X
Charge for the year (X)
_____
Disposals X
______
Carrying amount 31 Dec 20X4 X
_____
Carrying amount 31 Dec 20X3 X
_____Why has the charge for the year been subtracted instead of adding it with accumulated depreciation?
Also, disposal has been added. Could you please clarify it?Oh, page 170…(you know, right, that all books are different? different years, pdf files and etc. So it’s better to give more information next time where you get some particular extract from).
__So, the reason of this is because this is how disclosure should look like. It’s not some kind of action to your tasks/problems that are needed to be solved, but it just how companies present information in their disclosure notes in the FS.
https://www.ifrs.org/content/dam/ifrs/about-us/funding/2021/ifrs-annual-report-2021.pdf
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