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Want to clarify the Permits and PPE. Are there differences in the Revaluation Model as Permits’ revaluation gain or loss are Dr to the Accumalet depreciation (eliminate any accumulated depreciation).
Thanks in advance Sir.
Who or what it Permits? Is it a particular question?
When we revalue an asset under the revaluation module we first remove the accumulated depreciation (DR) and then increase the cost to the revalued amount (DR). The balancing figure goes through OCI.
Sir, Thank you so much.