Uruguay acquired land and buildings....
Asset purchased 1/1/20, revalued after 5 years at 1/1/24 then further dep for the year 2024.
Is this an error-isn't it 4 years acc dep to 1/1/24, then revalued at that point, then subsequent 300k dep.
Ask the Tutor ACCA FR
FR Study Notes P28 Illustration – Revaluation and annual excess depreciation transfers
19d ago#1Also, in the same question, why didn't we account for the "Land gain" of $0.3M in the Statement of Changes in Equity?
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