IAS16

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December 15, 2020 at 4:41 pm #600079
arunotes
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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
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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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