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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Revaluation loss vs Impairment
Could you please explain the difference between impairment and revaluation loss of asset and their respective accounting entries.
Thank you.
Hi,
They are both the same thing, i.e. the reduction in value of an asset. We sometimes refer to the impairment of an asset that has been previously revalued upwards as a revaluation loss.
Any impairment will go through profit or loss, unless it relates to a revaluation loss when the reduction in value goes through other comprehensive income first.
Thanks
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@aamirhada said:
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