Skip to content
Sign inRegister

Ask the Tutor ACCA FR

chapter 5 ppe Lecture 2 - revaluation transfer question

Ffahim2313y ago
Hi Sir, What happens in subsequent years where the revalued amount remains same as 95M and dep exp is 5588? Each year its going from revaluation reserve to retained earnings as 1588? Thanks
P2-D2P2-D2Tutor3y ago#1
Hi, Yes, if there is no subsequent change in the value of the asset then the amount transferred from the revaluation reserve to retained earnings each year will continue to be the same. Thanks.
Ffahim2313y ago#2
Great, Thanks.
Sign into reply to this topic.