[poonum]

devika3107@yahoo.com

[poonum]

that was exactly what I want to know
We have to calculate new depreciation after revaluation 6000/5=1200 which goes to IS .Is This ok

[poonum]

You r right .thank

[poonum]

thanks a lot for helping me to understand this area in IAS 16-PPE
let say if at yr end of 30.09.04,the double entry will be
Dr asset 4000
Cr Revaluation reserve 3200
Cr retained earning 800

so that in extract of income statement for the year ending 30.09.04
provision for dep 4000/5 800
statement of fin position for the yr ending 30.09.04
asset 6000
prov for dep 800
nbv 5200

equity side
rev reserve 3200
retained earning 800

[poonum]

is there an amount going into retained earning

[poonum]

sorry forget about this
say 10 years

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