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Depreciation of revalued assets

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Depreciation of revalued assets

  • This topic has 0 replies, 1 voice, and was last updated 8 years ago by iyamu.
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  • October 10, 2017 at 3:57 pm #410220
    iyamu
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    • Topics: 286
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    Can some in this forum to impact of debiting the revaluation reserve and crediting the retained earnings of the same amount ? Because this definitely as I know will bring this amount to zero if there is other amount.
    Also, why does this not go to the other comprehensive income as a revaluation loss since ? If this impact on the retained earnings . Because the depreciation expense is as a result of surplus depreciation .

    I will really be happy if some one can throw more light on this topics before it’s really disturbing .

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