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OK,
Thanks a lot Mike
hi Mike
is there any changes in exam structure !!
Now it’s OK.
thank you Mike
hi Mike
how is that?
– cost of building 50000 less Accumulated depreciation 5000 = 45000
– then revaluation takes place (beginning of the year 1 April 2015) =52200-45000=7200
– at the end of the year 31 Mar 2016 we should deduct depreciation 52200/18 year
is that true?
hi Mike,
about revaluation surplus
land 2000 (16000-14000) building 7200(52200-45000)
total 9200
and you but it in SOFP 8800, how?
also why there is not a transfer from revaluation surplus to RE as per question?
I just saw this topic
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