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DT liability on revaluation of an item

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › DT liability on revaluation of an item

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by Stephen Widberg.
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  • April 17, 2021 at 10:06 am #618010
    Noah098
    • Topics: 936
    • Replies: 352
    • ☆☆☆☆☆

    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
    Moderator
    • Topics: 10
    • Replies: 2528
    • ☆☆☆☆☆

    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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