FNST Kaplan Revision Kit 11/12 CLERC LTD

anniebabe
anniebabe Registered Posts: 595 Epic contributor 🐘
Hi Guys
I am working through Clerc Limited on page 5 of the Kaplan Revision Book.
I thought I was doing ok, but now when I check the answers- apparently not.
In the question it says that depreciation for Buildings is to be apportioned to COS - so that is what I did - no mention of plant and machinery.
When I turn to the the answers they have allocated ALL the depreciation for P&S to COS? as well as the apportioned amount for Buildings.
Does anyone know what I am missing here?
Any input much appreciated.

Comments

  • missm4ry4m
    missm4ry4m Registered Posts: 177 Beyond epic contributor πŸ§™β€β™‚οΈ
    Hi Annie

    The question wasn't very clear as to where to allocate the depreciation charges. We were told for this question to just assume that plant and equipment was charged to cost of sales! I'm sure in the actual exam it will be much more clearer then this.

    When is your FNST exam?

    Maryam
  • anniebabe
    anniebabe Registered Posts: 595 Epic contributor 🐘
    It certainly isnt a very clear question.
    I havent booked it yet - still working on the sylabus, just have this and icas to do now.
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