Elimination method – IAS 16

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May 23, 2025 at 11:22 am #717423
Dee1202
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I was struggling with Elimination method under IAS 16 to account for revaluation. Specifically the acc dep reversal journal. Some question record the journal as follows
Dr. Acc Dep A/c
Cr. PPE A/c

And others as follows:
Dr. Acc Dep A/c
Cr. Revaluation surplus A/c

Could someone clarify how do we reverse Acc depreciation during revaluation.
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