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Depreciation exercise

Bbekmuratov1mo ago

if the buildings at cost is 1 500 000, and it had an accumulated depreciation of 360 000, subsequently it was revalued to 1 800 000 at the end of the year, the CA of the buildings will be 1 800 000, that will appear on the SOFP?

John MoffatJohn MoffatTutor1mo ago#1

Yes it will.

Bbekmuratov1mo ago#2

Thank You

John MoffatJohn MoffatTutor1mo ago#3

You are welcome

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