Hi sir,
With regards to IAS16 Video 1- Eg 1 Revaluation Increase,
I would like to ask about the excess deprn 1.6m, we have to transfer from OCE to retained earning at every YE OR actually when we sold off the asset?
Thank you sir
Ask the Tutor ACCA SBR
IAS16
5y ago#1Every year end - optional
On disposal - compulsory.
I don't think these reserve transfers have been tested since the syllabus changed.
Sign into reply to this topic.