Without looking at the question, as at the date of the first revaluation was it the case that that was the day the property was re-classified as Investment Property?
If it was, gains / losses on investment property go through the income statement
my volume is up and i am using head phones but still i cant hear anything: i don’t know if others are experiencing the same problem though but the problem is only with this lecture. anyway i am not saying that it should be recorded again: i really appreciate what you people are doing because you have made ACCA look simple: it is the price for having it free
pejz says
Hey sir , why is the second valuation assessment for property a going to statement of income …..rather than other comprehensive income
MikeLittle says
Without looking at the question, as at the date of the first revaluation was it the case that that was the day the property was re-classified as Investment Property?
If it was, gains / losses on investment property go through the income statement
If it wasn’t post again please
hixam says
sir, last dec 2013 exam answer was uploaded recently but now it has been removed. why ? n when will it be available on the website?
chiclarence says
this lecture has been poorly recorded. the sound is too low: one cant hear what the tutor is saying
opentuition_team says
turn your volume up,
using headphones also helps.
the lecture will NOT be recorded again
chiclarence says
my volume is up and i am using head phones but still i cant hear anything: i don’t know if others are experiencing the same problem though but the problem is only with this lecture. anyway i am not saying that it should be recorded again: i really appreciate what you people are doing because you have made ACCA look simple: it is the price for having it free
MikeLittle says
No, we don’t depreciate investment property
rochyroch says
Hi Sir, When the revaluation occurred on Oct 1, 2013, shouldn’t we depreciate from that date to Mar 31, 2013?