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Liliana
Liliana Registered Posts: 39 Regular contributor ⭐
Hi There

I am trying to do the cashflow for the Dec 08 paper and i can't understand where does the NBV of £580 comes from when the cost is £1060, depreciation £436 and the difference should be the NBV of £624...

Am i missing something here? Please help!!!

Thanks in advance

Lily

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  • RuthKirby
    RuthKirby Registered Posts: 1 New contributor 🐸
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    Cost of asset wrong

    As far as I can see from the paper the equipment cost 1,016 rather than 1060 which gives you the correct depreciation. Hope this helps.


    • Property, plant and equipment costing £1,016,000 with accumulated depreciation of £436,000 were sold in the year at a profit of £880,000.
  • Liliana
    Liliana Registered Posts: 39 Regular contributor ⭐
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    Oh my God!!! I can't believe that i did this!!!! THANK YOU SO MUCH!!!
    Must read the numbers properly!!!! Hope not to make this error in the exam!!!
    I am actually embarrassed!!!
    Thank you
    Lily
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