Transcription of Advanced Financial Accounting New Syllabus
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Advanced Financial Accounting New Syllabus
Advanced Financial Accounting May 2016 2nd year paper Advanced Financial Accounting New Syllabus 2nd Year Examination May 2016. Exam Paper, Solutions & Examiner's Comments Page 1 of 23 S2016 AFA. Advanced Financial Accounting May 2016 2nd year paper NOTES TO USERS ABOUT THESE SOLUTIONS. The solutions in this document are published by Accounting Technicians Ireland. They are intended to provide guidance to students and their teachers regarding possible answers to questions in our examinations. Although they are published by us, we do not necessarily endorse these solutions or agree with the views expressed by their authors. There are often many possible approaches to the solution of questions in professional examinations. It should not be assumed that the approach adopted in these solutions is the ideal or the one preferred by us.
Advanced Financial Accounting May 2016 2nd year paper Page 5 of 23 Adv.Fin.Acc S2016AFA 2. On 1st July 2015, a company that prepares financial statements to 30th June each year acquires an item of equipment at a cost of €/£75,000. The item’s useful life is expected to be 4 years with a residual value of
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