Revaluation of Fix AssetForums › ACCA Forums › ACCA FA Financial Accounting Forums › Revaluation of Fix AssetThis topic has 2 replies, 3 voices, and was last updated 9 years ago by John Moffat.Viewing 3 posts - 1 through 3 (of 3 total)AuthorPosts April 3, 2015 at 5:20 pm #240052 CihanMemberTopics: 4Replies: 0☆A company has decided to revaluate its fix assets and the valuation difference will be booked under the equity.How can we asses the deferred tax effect of this transaction? April 4, 2015 at 12:21 am #240063 mrjonbainModeratorTopics: 6Replies: 2302☆☆☆☆☆The likely increase in timing difference must be recognised as liability.Can this really be asked in f3 paper?Basically calculation is handled same as any other deferred tax calculation. April 4, 2015 at 7:03 am #240088 John MoffatKeymasterTopics: 57Replies: 54483☆☆☆☆☆mrjohnbain is correct, but he is also right in saying that this is not relevant for F3. You cannot be asked about deferred tax.AuthorPostsViewing 3 posts - 1 through 3 (of 3 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In