[persaud]

if i correct sir i have the disposal proceed on non current assets which is nbv-loss

[persaud]

gusna co purchase a building on the 31 dec 2001 for 75000 at the date of acquisition the usful life of the building was estimated to be 25 yrs and the dep is calculated using the straight line method at the 31 dec 2006 an independent valuer valued the building at 1000000 and the revaluation was recognise in the financial statement gunas accounting polices state that excess depreciation arising on revaluation of the non current assets can be transferred from the revaluation surplus to retain earning

what is the depreciation charges on the building for the year ended 31 dec 2007

[persaud]

what is revaluation surplus

[persaud]

thank you afrina it help alot

[persaud]

for eg the 32000 i was thinking just to value it at nrv and add it on did not know i had to subtract the difference

[persaud]

sorry i did not know

but at all time they will be include at cost

how do i know when i have to take out the cost price

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