Depriciation... how to assume the life span of asset
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brightsky18
Registered Posts: 41 Regular contributor ⭐
Hi,
I m sitting for FAPS soon. Been using AAT learning portal. Have started doing mocks.
For depriciation, we are generally given life span of asset for straight line method.
Now in this question, business buys asset, sell in 19 months and buy another asset. SL mmethod for depriciation with scrap value given, cost given but no life span of asset given.
How do I do depriciation in this scenario? On all my practice, not come across any of this kind.
Appreciate your time for reading and replying.
A distance learner student.
I m sitting for FAPS soon. Been using AAT learning portal. Have started doing mocks.
For depriciation, we are generally given life span of asset for straight line method.
Now in this question, business buys asset, sell in 19 months and buy another asset. SL mmethod for depriciation with scrap value given, cost given but no life span of asset given.
How do I do depriciation in this scenario? On all my practice, not come across any of this kind.
Appreciate your time for reading and replying.
A distance learner student.
0
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