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Chapter 6

Non-current assets: acquisition and

depreciation

Outcome

By the end of this session you should be able to:

 define non-current assets

 explain the difference between capital and revenue expenditure

 explain the purpose of an asset register

 prepare ledger entries to record the acquisition of non-current assets

 define, calculate and record the depreciation charge on non-current assets

and answer questions relating to these areas.

The underpinning detail for this Chapter in your Notes can be found in
Chapter 7 of your Study Text

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