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Situation- In case of impairment ,there is a balance in revaluation surplus regarding the same asset and even after reducing the surplus the loss needs to be shown in P/L A/C ,
Problem- I am confused regarding presentation in P/L A/C .
Q. Impairment loss = 50000
revaluation surplus = 27000
now my problem is what amount will be shown under OCI?
Somebody explain me the complete presentation of this case.
and also explain what will happen if impairment will be reversed?
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