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IAS16

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IAS16

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by Stephen Widberg.
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  • December 15, 2020 at 4:41 pm #600079
    arunotes
    Member
    • Topics: 65
    • Replies: 39
    • ☆☆

    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

    December 17, 2020 at 4:32 pm #600199
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3409
    • ☆☆☆☆☆

    Every year end – optional

    On disposal – compulsory.

    I don’t think these reserve transfers have been tested since the syllabus changed.

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