[trance00]

1 April 2004 Cost = 420 + 70(revaluation) = 490
Any increase would be due to addtions.
So additions = 600 – 490 = 110
Not sure how you got 500.

[trance00]

(20*2/20) is the same as $20m/20years*2 years. It’s the additional depreciation for the building which $1m per year. Now, after 2 years, it’s $2m so carrying amount in the revaluation reserves is $20m – $2m = $18m. The $2m is transferred to Retained Earnings through SoCiE.

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