PEV Dec 2003

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Can any one tell me how to calculate the depreciation charge on the fixed assets on this paper, it is SLM depreciation but we do not know how long the asset is expected to last or if there is any residual value. I just cannot calculate the dep chg for the following year to amount to the given answer......Dhuur!!!

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PEV Dec 2003

    Hi Chelle.

    It says in the information that the dep'n charge for the year is £1,000.

    Scott.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PEV Dec 2003

    D'ya know, I have been sitting staring at this paper for the last hour and I just did not see that info....wood and trees eh?

    Thanks for that mate, dya wanna sit next to me in my exam and read the paper for me? :lol:

    Aaaargh!!!!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PEV Dec 2003

    I did a similar on one of the other past papers. The clue was "using the above data and from your previous answers".

    I kept re-reading it and finally saw the 'previous answers'.

    We all do it!

    :cry:
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PEV Dec 2003

    At least you won't make the same mistake in the exam :-)

    Scott.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PEV Dec 2003


    Yep, we definitely learn from our mistakes!

    :roll:

    Helen

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