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Tricky? Dec 12, question 3 Blackcutt

Forums › ACCA Forums › ACCA SBR Strategic Business Reporting Forums › Tricky? Dec 12, question 3 Blackcutt

  • This topic has 1 reply, 2 voices, and was last updated 12 years ago by fidget.
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  • May 2, 2013 at 10:21 am #124253
    Ethan Bong
    Member
    • Topics: 5
    • Replies: 3
    • ☆

    I just found this.

    Part d, said current replacement cost for library is $2.1m.
    The answer depreciated this amount.

    So, it said “current” replacement cost. I thought it is the value “now”, so why depreciated 6 years? Question not mentioning such amount was 6 years ago…

    Somebody help me to explain what current replacement cost is, maybe is I misled.

    May 4, 2013 at 12:27 pm #124513
    fidget
    Member
    • Topics: 8
    • Replies: 207
    • ☆☆☆

    Think of it as the $2.1m being the cost to actually replace the building right now, and therefore the building would be all shiny and new and start being depreciated from that point.

    However, the building is not literally going to be replaced, so it is therefore still 6 years old and that must be reflected by deducting 6 years depreciation from its current replacement cost.

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