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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › impairment loss on a revalued asset
sir can OCI have a negative balance on the face of SPLOCI? Like when impairment is being charged on an asset that was revealued upwards several years ago, but now has a recoverable amount below the carrying amount, so can we show that impairment loss as a negative figure in OCI on the face of SPLOCI.
Please revise non-current assets.
If impairment exceeds the earlier revaluation upwards, excess goes to P&L not OCI