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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IAS 16
sir as per IAS 16 as revaluation gains held in revolution surplus are transferred to retained earnings upon disposal of the asset-MANDATORILY, right?
while there is CHOICE to transfer any excess depreciation from revaluation reserve to retained earnings?
Reserve transfers are really FR not SBR.
No real reason why annual transfer is ‘optional’ – it’s always been that way – I think most companies do it to keep lawyers happy when calculating distributable profits.