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October 04, 2025, 03:55:14 am
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Author Topic: Profit on Disposal  (Read 8044 times)  Share 

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aposta28

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Re: Profit on Disposal
« Reply #15 on: November 04, 2010, 02:43:42 pm »
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They tried to trick
but luckily i got

200 profit on disposal :D
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vidang

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Re: Profit on Disposal
« Reply #16 on: November 04, 2010, 04:06:03 pm »
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what were the dates recorded at for the gernal ledger for dispaol of computer
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77.85.. is the number I better wake up to on the morning of December 13th

eeps

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Re: Profit on Disposal
« Reply #17 on: November 04, 2010, 04:37:39 pm »
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Quote from: vidang on November 04, 2010, 04:06:03 pm
what were the dates recorded at for the gernal ledger for dispaol of computer

I had it at 31 December.

LOL I realised there was a profit on disposal in the last 5 minutes of the exam - rubbed out all my expenses just to fit it in.
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LFTM

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Re: Profit on Disposal
« Reply #18 on: November 04, 2010, 04:41:02 pm »
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I got profit as well, i nearly forgot it though. There were so many little tricks with the reports. Advertising, fixtures wagess etc
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lilaznkev1n

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Re: Profit on Disposal
« Reply #19 on: November 04, 2010, 04:42:45 pm »
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I forgot to put it in.
I saw it during reading time but when i got up to that question i completely forgot about it :(
Thats the one mark that I know I lost..
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eeps

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Re: Profit on Disposal
« Reply #20 on: November 04, 2010, 04:46:13 pm »
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Did people get a Loss on Disposal of Computer System of $725?.. for Q. 1.1.3....
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LFTM

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Re: Profit on Disposal
« Reply #21 on: November 04, 2010, 04:47:00 pm »
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Quote from: EPL.11.4ever. on November 04, 2010, 04:46:13 pm
Did people get a Loss on Disposal of Computer System of $725?.. for Q. 1.1.3....

Something like that.
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ks04

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Re: Profit on Disposal
« Reply #22 on: November 04, 2010, 04:48:15 pm »
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Quote from: EPL.11.4ever. on November 04, 2010, 04:46:13 pm
Did people get a Loss on Disposal of Computer System of $725?.. for Q. 1.1.3....
Yea i got something around that... there were a few people saying the got a gain after the exam which confused me... Glad others got the same! :D
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mmmmm

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Re: Profit on Disposal
« Reply #23 on: November 04, 2010, 04:48:53 pm »
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Quote from: EPL.11.4ever. on November 04, 2010, 04:46:13 pm
Did people get a Loss on Disposal of Computer System of $725?.. for Q. 1.1.3....

Yup i got that.
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eeps

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Re: Profit on Disposal
« Reply #24 on: November 04, 2010, 04:49:10 pm »
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Quote from: ks04 on November 04, 2010, 04:48:15 pm
Glad others got the same! :D

LOL that's one question I know I got right for sure. =P
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LFTM

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Re: Profit on Disposal
« Reply #25 on: November 04, 2010, 04:50:12 pm »
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And then how about 1.1.4 were you only meant to explain the loss or both profit and loss?
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eeps

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Re: Profit on Disposal
« Reply #26 on: November 04, 2010, 04:50:57 pm »
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Quote from: LFTM on November 04, 2010, 04:50:12 pm
And then how about 1.1.4 were you only meant to explain the loss or both profit and loss?

I just explained the loss.
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mmmmm

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Re: Profit on Disposal
« Reply #27 on: November 04, 2010, 04:53:58 pm »
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Quote from: EPL.11.4ever. on November 04, 2010, 04:50:57 pm
Quote from: LFTM on November 04, 2010, 04:50:12 pm
And then how about 1.1.4 were you only meant to explain the loss or both profit and loss?

I just explained the loss.

Same.  Underdepreciation cos if overestimated residual value and life of the NCA?
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eeps

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Re: Profit on Disposal
« Reply #28 on: November 04, 2010, 04:54:35 pm »
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Quote from: mmmmm on November 04, 2010, 04:53:58 pm
Quote from: EPL.11.4ever. on November 04, 2010, 04:50:57 pm
Quote from: LFTM on November 04, 2010, 04:50:12 pm
And then how about 1.1.4 were you only meant to explain the loss or both profit and loss?

I just explained the loss.

Same.  Underdepreciation cos if overestimated residual value and life of the NCA?

Yeah, that's what I had.
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ks04

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Re: Profit on Disposal
« Reply #29 on: November 04, 2010, 04:56:44 pm »
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Quote from: LFTM on November 04, 2010, 04:50:12 pm
And then how about 1.1.4 were you only meant to explain the loss or both profit and loss?
I explained both... it can occur as it's a best estimate only, may under or overestimate the useful life or residual value.
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