DT liability on revaluation of an item

This topic has 1 reply, 2 voices, and was last updated 5 years ago by Stephen Widberg.

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April 17, 2021 at 10:06 am #618010
Noah098
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sir the DT liability arising on revlatuaion of an asset, is as long as the useful life of the asset? i mean it is also written down based on the useful life fo the asset?
April 18, 2021 at 12:20 pm #618100
Stephen Widberg
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You are making this too complicated for the exam. 🙂

You are likely to be dealing with land where the DTL will remain in place until the asset is sold.
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