IAS 16Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IAS 16This topic has 1 reply, 2 voices, and was last updated 4 years ago by Stephen Widberg.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts March 30, 2021 at 2:14 pm #615515 Noah098MemberTopics: 935Replies: 352☆☆☆☆☆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? March 31, 2021 at 12:05 pm #615594 Stephen WidbergKeymasterTopics: 16Replies: 3411☆☆☆☆☆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.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In