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G/W after revaluation of fixed assets

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › G/W after revaluation of fixed assets

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  • March 27, 2017 at 4:19 pm #379373
    Irina
    Member
    • Topics: 3
    • Replies: 1
    • ☆

    Dear Sir, can you please help me with a question?

    Does the value of G/W change if the fixed assets are revalued (upwards)? I mean, G/W was first calculated in 2014 and in 2016 the fixed assets were revalued, thus impacting the Revaluation reserve.

    Thank you very much!

    March 30, 2017 at 10:49 pm #379688
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7034
    • ☆☆☆☆☆

    Hi,

    No, once goodwill has been calculated it will not increase in value as it is only calculated once, which is at the acquisition date. It can only suffer a decrease in value as a result of an impairment.

    Thanks

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