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As we knw that IAS 36 states that When there is reversal of Impairment Asset shouldn’t be carried more that the C.v they would hav If impairment does not hav take place but in this part the asset impairment is reversed the asset is put at 11 million where If normally depreciated Asset would hav value of 9 million …. what’s the reason for this ???
Where is the question from? I can’t answer it unless I see the question, but your original statement appears to be correct
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The reversal must be the difference of the carrying amount if their had been no impairment and carrying amount after impairment.The remaining will goto revaluation account.
ENTRY ON 31ST MAY 20X7:BUILDING DR 3.421
SOCI CR 1.421
REVALUATION A/C CR 2
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