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Surplus on revaluation

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Surplus on revaluation

  • This topic has 2 replies, 2 voices, and was last updated 7 years ago by aarina.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • July 25, 2018 at 7:34 am #464563
    aarina
    Member
    • Topics: 65
    • Replies: 142
    • ☆☆☆

    Hi normally the treatment of surplus on revaluation of PPE is deducted in COS is it? Why is that so?
    This is on the topic of single entity.

    July 26, 2018 at 11:40 pm #464820
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7221
    • ☆☆☆☆☆

    Hi,

    Any gain on revaluation of PPE is recognised through other comprehensive income. Where have you seen it deducted in cost of sales? It doesn’t quite sound right to me, but if you let me know where you’ve seen it I may be able to shed more light upon it.

    Thanks

    July 28, 2018 at 10:45 am #465001
    aarina
    Member
    • Topics: 65
    • Replies: 142
    • ☆☆☆

    I forgot the question. But i shall come back to this tomorrow!

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