11-01-2009, 05:30 AM
hi,
i hope you can help me with this one
if i have a building , with a useful life of 50 years, and after 3 yrs of having it on my current assets, i have decided to sell it, how should it be recognized?
- as a C.A (to match the standards but in this way, ill be providing a misleading fin.st.)
- or as N.C ( non misleading but not according to standards).
i think i should calculate the depreciation for the 3 years and the building value-dep.=x
"x" should be in the C.A
is that correct?
i hope you can help me with this one
if i have a building , with a useful life of 50 years, and after 3 yrs of having it on my current assets, i have decided to sell it, how should it be recognized?
- as a C.A (to match the standards but in this way, ill be providing a misleading fin.st.)
- or as N.C ( non misleading but not according to standards).
i think i should calculate the depreciation for the 3 years and the building value-dep.=x
"x" should be in the C.A
is that correct?
