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?