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Dr The following trial balance extract relates to a property which is owned by Sally Ltd as at 1 April 2014 Cr 000 000 Property
Dr The following trial balance extract relates to a property which is owned by Sally Ltd as at 1 April 2014 Cr 000 000 Property at cost (20-year original life; no residual) 12,000 Accumulated depreciation as at 1 April 2014 3,600 On 1 October 2014, following a sustained increase in property prices, Sally Ltd revalued its property to 10.8 million. What will be the depreciation charge in Sally's statement of profit or loss for the year ended 31 March 2015? Page 2 of 7
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