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IAS 16 PPE – Revaluation Treatment

This topic has 3 replies, 2 voices, and was last updated 4 years ago by Stephen Widberg.

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February 24, 2020 at 10:16 am #562924
jmchen
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Hi, may I know what does this sentence mean:” If the new carrying amount does not exceed the carrying amount of the asset if no revaluation has previously taken place”?
February 24, 2020 at 11:00 am #562932
Stephen Widberg
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It makes no sense – I hope you aren’t going to tell me that I wrote it.
February 25, 2020 at 1:33 am #563019
jmchen
Member
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Hi Stephen, I got the explanation already. Btw, I really appreciate your reply! ;D
February 25, 2020 at 7:39 am #563059
Stephen Widberg
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My pleasure
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