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ACCA P2 Investment properties (IAS 40)
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Could you explain more in detail regarding the Group, how it is accounted, I understood till the part we use IAS 16 for the group as a whole.. then how come we use fair value model, under IAS 16 we have only cost and revaluation model right?
Thank you very much for your work!
Could you explain me how did you receive FV 21,6?
Looking forward your reply!
Thanks!
Brilliant tutor. Makes everything so easy to follow through!
is there also a Revaluation Surplus of 1.5M in SOCE?
Do we need to transfer this surplus to RE over the remaining useful life or can transfer them immediately? so there will be nil balance in SOCE.
Same question
Chris, you’re an amazing tutor…. Good job!
I agree 100% !!!
Lovely lecture. i noticed that the depreciation was only done for the first 6months of the year at 20m, there was no depreciation done for the subsequent 6 months at the revalued rate. could you pls explain this to me.
Thanks.
This is because the category changes from being used in the business where it is depreciated to being an investment property where it is not depreciated.
Great video