Impairment (Indv Assets)

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December 16, 2021 at 5:20 am #644378
Sourav9271
Participant
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Hello sir,
In the context of example 2.
Will excess of depreciation reduce the
OCI.?
Isn’t excess depreciation Dr SOPL
rather than Dr OCI.
December 27, 2021 at 8:13 pm #644926
P2-D2
Keymaster
- Topics: 4
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Hi,

Sorry, don’t quite follow your query but I think you are talking about the reserve transfer. The reserve transfer is done though the SOCIE, where we reduce the revaluation surplus and increase retained earnings.

Thanks
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