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Forums › ACCA Forums › ACCA FA Financial Accounting Forums › Depreciation
Hi John,
can you help me, please, with the following problem?
On 01.01.20×8 Baker Co revalued itd property to 100000 $. At that date the asset was accounted for at a cost of 80000 $ and had accumulated depreciation 20000 $. The property had an usefull life of 50 years from the date of purchase and nil residual value.
What if the amounts of excess depreciation transfer required from revaluation surplus to retained earnings at 31.12.20×8.
Thank you,
Camelia
I am sorry, but you must ask this question in the Ask the Tutor Forum if you want me to answer – this forum is for students to help each other.