Depreciation on ETB

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:31AM in AAT student discussion
Doing some revision and it's too late to call any of my tutors ... I'm stuck on this question and my brain has gone into 'freeze' mode ! <BR><BR>If I have a Depreciation Accumulated that is 7000 and the deprecation for the year works out at 4000 how do I reflect this is in the ETB ? <BR> <BR><BR><BR><BR>Thanks <img src="i/expressions/face-icon-small-smile.gif" border="0"><BR><BR>

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    Depreciation on ETB

    Ruskii<BR><BR>If my old grey brain cells serve me correctly the accumulated depreciation balance shows as a credit on the balance sheet and the depreciation charge for the year shows as a debit on the profit and loss account.<BR><BR>Please someone correct me if I am wrong!!<BR><BR>Littledoe
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Depreciation on ETB

    Well this morning it seems a lot clearer, and I thought it was the same thing as you have said actually <img src="i/expressions/face-icon-small-smile.gif" border="0"> Thanks <BR><BR>Just finishing the ETB off now and am 10 pounds out somewhere grrrrr

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