• Skip to primary navigation
  • Skip to main content
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA SBR (INT/UK):
  • SBR notes
  • SBR lectures
  • SBR Flashcards
  • SBR Revision lectures
  • SBR Forums
  • Ask the Tutor
  • Ask AI (New!)

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March and June 2025 exams.
Get your discount code >>

IAS 16 – Revaluation decrease – ACCA (SBR) lectures

VIVA

Reader Interactions

Comments

  1. ProfLuqman01 says

    August 20, 2022 at 7:50 pm

    Why did we not create another line item to depreciate the 8 million revaluation value? I am still concerned about how we used the prior (revaluation gain) depreciation value – 1.75 as the depreciation value for the year as shown in P&L.

    Log in to Reply
    • adnanhustle says

      August 4, 2024 at 3:58 am

      Hey, it did not happen bcoz the item was depreciated first and then revalued, both reduction in revalue and depreciation of 1.75 is on the same date.

      Log in to Reply
  2. danielar says

    November 27, 2020 at 3:19 pm

    Hi.

    Why did we not depreciate the asset before the revaluation? We revalued on 31st Dec and calculated the gain/impairment on the b/f amount as at 1st Jan. Wouldnt we have accumulated another yr depreciation by this point?

    Log in to Reply
    • ProfLuqman01 says

      August 20, 2022 at 7:40 pm

      Co-ask? Thank you.

      Log in to Reply
  3. ali5185 says

    June 15, 2020 at 10:40 am

    Sir my question is, how to treat if after revaluation of PPE, current year depreciation charge is less than the depreciation figure we charge without revaluation? Should we have to transfer that amount to retained earnings.

    Log in to Reply
  4. tamjid says

    April 1, 2020 at 6:22 am

    why 0.55 transferred to RE.
    it looks like dr. OCE 0.55
    cr. RE 0.55

    we have already credited PPE for 0.55?

    Log in to Reply
  5. misbahkiran says

    March 28, 2020 at 2:52 pm

    i think entry would be

    Dr Revaluation gain in OCI 3850
    Dr P n L 400
    CR PPE 4250

    Log in to Reply
  6. hirashk says

    July 13, 2019 at 10:09 pm

    I have a question. When in the end in the SOCE we take out the 3.85 figure from the OCE, if we look at the entry we are actually Dr(debiting) the Revaluation Surplus with the amount 3.85, but what are we Crediting??

    Log in to Reply
    • hirashk says

      July 13, 2019 at 10:11 pm

      OCI *

      Log in to Reply
  7. shenron95 says

    May 8, 2019 at 9:15 pm

    Hi,

    Have you got examples of exam standard revaluation questions as in the exam there will be less numbers and more theory.

    Log in to Reply
  8. mayjeng23 says

    May 7, 2019 at 8:45 pm

    Hi Sir, I have some doubt regarding the depreciation of 0.55 million. Why is it a transfer from other components of equity to retained earnings in the statement of changes in equity?

    Log in to Reply
  9. lachu910 says

    October 6, 2018 at 6:04 am

    Hi Sir,

    In this question during the year 2014 there was revaluation surplus of 3850. So in the 2nd year if there is a loss(in this case 4250) u set it off against any surplus first and the remaining goes to P/L right?
    My question is
    1) Why are we taking it as an impairment and not a revaluation loss or do they both mean the same( i dnt think they do)?
    2) Why are debiting 3850 as a “revaluation loss” in OCI?

    Log in to Reply
    • P2-D2 says

      January 4, 2019 at 8:51 am

      Hi,

      1) They are the same thing, so don’t worry about the terminology

      2) The gain was previously taken to OCI and therefore the loss should be taken to the same place within the financial statements.

      Thanks

      Log in to Reply
  10. richardscully says

    September 15, 2018 at 3:43 pm

    Dear Opentuition

    I see a pop up that comes across your screen advertises MacKeeper. i don’t know if they advertise with you or you tube, but they are a company that produces malware and ransomware. they claim not to but they almost destroyed my computer. please be aware that they advertise either on your site or with you tube videos of your lectures. People be warned, do not click on anything Mackeeper. i had to get another antivirus program to remove it. Get Avira which is free on the net. I still get some Mackeeper popups and viruses

    Log in to Reply

Leave a Reply Cancel reply

You must be logged in to post a comment.

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in