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chapter 5 ppe Lecture 2 – revaluation transfer question

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › chapter 5 ppe Lecture 2 – revaluation transfer question

  • This topic has 2 replies, 2 voices, and was last updated 1 month ago by fahim231.
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    Posts
  • December 27, 2022 at 12:23 am #675116
    fahim231
    Participant
    • Topics: 10
    • Replies: 7
    • ☆

    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

    December 30, 2022 at 8:10 am #675186
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 6460
    • ☆☆☆☆☆

    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.

    December 30, 2022 at 1:25 pm #675231
    fahim231
    Participant
    • Topics: 10
    • Replies: 7
    • ☆

    Great, Thanks.

  • Author
    Posts
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