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Accountancy

Is my answer correct?

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Aman Mahajan

Aman Mahajan

CA Final

19K+

07-Sep-21 13:00

573

Answers (3)

yes


roshini reddy

roshini reddy

CA Inter

1K+

07-Sep-21 14:31

roshini reddy

yes

But in the first year revised estimate was not known. So why have we not calculated 1st year amortisation on original data


Thread Starter

Aman Mahajan

Aman Mahajan

CA Final

19K+

07-Sep-21 14:49

Thread Starter

Aman Mahajan

But in the first year revised estimate was not known. So why have we not calculated 1st year amortisation on original data

We always charge the amortization expenses in PnL at the END of the year. It is clear that at the 1st year end we already knew that the estimates r changed. So we directly used revised data.


Amey Shreshtha

Amey Shreshtha

CA Final

175

07-Sep-21 15:08

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