That rule I wrote has always worked for me... and I did clear LI in December with knowing only that one thing with relation to Purchases, BV, Depreciation. And I know there were two exam questions on this same topic.
Yes the exam is designed to throw you off. If there were no purchases, then you are using the rule to find the BV of Sold.
Incidentally, this was also there in the Stalla books for 2007, in the CF chapter.
CP
Yes the exam is designed to throw you off. If there were no purchases, then you are using the rule to find the BV of Sold.
Incidentally, this was also there in the Stalla books for 2007, in the CF chapter.
CP