tarunajwani

CP

I know how to calculate the ERAT but was just trying to get a very intuitive way to understand this

The method net selling price < original cost use net selling price - book value

and net selling price greater than original cost use acc. dep felt very robotic

I have so many formulae from so many LOS in my head right now I am trying to be as intuitive as possible


CP ur method has helped alot