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The reconciliation of the carrying amount for intangible assets

This topic has 1 reply, 2 voices, and was last updated 2 years ago by John Moffat.

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August 16, 2022 at 1:18 am #663164
Hinthu
Participant
- Topics: 19
- Replies: 19
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?
August 16, 2022 at 7:37 am #663175
John Moffat
Keymaster
- Topics: 57
- Replies: 54538
I cannot help you because I do not have the Kaplan Study Text (only the BPP Revision Kit) and I do not know the context of what you have copied from the book.
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