Cash & Treasury Assessment 1 - Task 1

Hi All,

I'm wondering if someone can provide the working for calculating the purchase of non current asset in Cash and Treasury Management Assessment 1 Task 1?

Many thanks in advance!
Al

Comments

  • mehreenmehreen Posts: 2Registered
    edited August 14
    Hi all, is it possible for anyone to send me the 2 online practice assessments of cash and treasury management AQ2016 as I am giving exam according to standard AQ2013,it will be a bit of more practice for me .
    @mehreen_capricorn@hotmail.com
  • HH_HH_ Posts: 3Registered
    Hello, I am also stuck with the above question. Is anyone able to explain the answer for non current asset? Thanks
  • lucym96lucym96 Posts: 11Registered
    Hi,

    The carrying value of an asset = original cost - accumulated depreciation

    So here the carrying value of the asset is £72,000

    Original cost - 25% depreciation = £72,000

    So work backwards - 72,000 / 0.75 = £96000

    £72,000 includes the depreciation, but depreciation is not cash so you need to find the original cost which (as above) is £96,000.

    I think that's right! Hope that helps.

    Thanks
    fedemenniHH_
  • fedemennifedemenni Posts: 9Registered
    easy to calculate like 72 x 1.25 (which 25 is the depreciation charge) = 96
  • ChrisJ30ChrisJ30 Just Joined CambridgePosts: 93MAAT
    I have taken cash management 2013 and passed on third go.

    Looking at the 2016 was is the extra bit about corporation tax about and operating loss - looks like extra info to slow you down.
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