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Deferred tax charged to equity

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Deferred tax charged to equity

  • This topic has 1 reply, 2 voices, and was last updated 10 years ago by MikeLittle.
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  • April 15, 2015 at 8:58 pm #241443
    drice99
    Member
    • Topics: 51
    • Replies: 77
    • ☆☆

    Hi mike

    In example 3 on page 99, the difference between the new nbv on revaluation and the twdv was charged to equity in the revaluation account. When is this released? When the asset is sold?

    April 16, 2015 at 12:51 am #241462
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23359
    • ☆☆☆☆☆

    Yes!

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