schedule of NCA’s

Question 1

Cost

Answer 1

As at the start of the year
Additions at cost - purchased at a cost
Disposals at cost - when they were purchased at a specific date - always take away
Revaluation
As at the end of the year

Question 2

Depreciation

Answer 2

As at the start of the year
Eliminated on disposal - minus figure
Eliminated on revaluation - if theres revaluation then minus the start of year value
Charge for the year
As at the end of the year

Question 3

What’s at the end

Answer 3

NBV at start of the year

NBV at end of the year