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PPE – revaluation downwards – ACCA Financial Reporting (FR)


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Comments

  1. praveenmasih says

    July 3, 2022 at 6:29 pm

    Hi Chris,
    Why are we debiting £3850 in OCI but not in Revaluation reserve??

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  2. lightbeetle200 says

    October 21, 2021 at 11:19 am

    Please I don’t understand where the excess depreciation is from at 10:22

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  3. JayGab says

    August 19, 2021 at 7:59 am

    Hello Chris,
    Please why do we have to use up $3,850 in the reserve?

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    • francihco says

      October 19, 2021 at 1:36 pm

      I think that´s because the revaluation reserve was 4,400; the excess depreciation was 550; thus the balance was 4,400-550=3,850 that needs to be used up / removed because of the revaluation decrease / impairment. Thus, we debit by 3,850 the revaluation reserve but the value of the impairment was 4250. Then 4250-3850=400 impairment that goes to PL.

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  4. KamagobaS says

    July 5, 2021 at 3:09 pm

    Hi Chris,
    Would you kindly clarify why you’re saying that all of $3,850 in the revaluation reserve is going to be used?
    And where are the entries for accumulated depreciation & depreciation?

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