Calculations - Statement of Financial Position Flashcards
1
Q
net current assets
A
current assets - current liabilities
2
Q
net assets
A
NCA + CA - NCL - CL
3
Q
capital employed
A
owners/shareholders capital + retained profits - drawings
4
Q
net book value
A
5
Q
straight line depreciation
A
(historic value - residual value) / expected life
6
Q
reducing balance depreciation
A
historic value x % of depreciation
