[Accaaspirant505]

Thank you so much ,sir!

[Accaaspirant505]

Hi,
I am a bit confused regarding why we charge depreciation on the revalued amount of the non current asset.
As depreciation is the distribution of the cost(we incured while purchasing) over the assets useful life, and revaluation surplus didn’t actually cost us anything extra.
Thank you in advance.

[Author]

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