Bpp Depreciation
Alaa
Registered Posts: 30
Comments
-
Hi
The asset will have a residual value of £4,000, so you need to depreciate £16,000 over four years = £4,000 depreciation per year.
At the end of the third year (30 June 20X3) you will therefore have depreciated £12,000 of the £20,000 asset leaving a balance sheet value of £8,000.0 -
Thank you so much for the explanation0
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