Dec04 DFS - part 1.1 Tangible assets

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
I was looking at this question where it says the tangible assets which comes to £103,640 as per suggested answers. I tried using percentages from Jones Ltd fixed assets. I can't get to this figure. Can anyone help me showing the calculations to get to this figure.<BR><BR>Thank you

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    Dec04 DFS - part 1.1 Tangible assets

    Hi<BR><BR>You have to add all of the tangible fixed assets from both the parent and subsid and also any increase or decrease in the fair value of the subsids assets. In this case:<BR><BR> Alasmith fixed assets - 56,320<BR> Jones Fixed assets - 39,320<BR> Increase in fair value - 8,000 (from notes underneath accounts)<BR> TOTAL - 103,640<BR><BR>Hope this helps, Good luck!!<BR>Sindie<BR><BR>
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Dec04 DFS - part 1.1 Tangible assets

    Hi Sindie,<BR>Thanks very much for your prompt reply.<BR><BR>All the best to you too.<BR><BR>Raahat

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