impairment loss on a revalued asset

This topic has 1 reply, 2 voices, and was last updated 4 years ago by Stephen Widberg.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
June 30, 2021 at 1:30 pm #626697
Noah098
Member
- Topics: 935
- Replies: 352
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.
June 30, 2021 at 5:13 pm #626713
Stephen Widberg
Keymaster
- Topics: 17
- Replies: 3453
Please revise non-current assets.

If impairment exceeds the earlier revaluation upwards, excess goes to P&L not OCI
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.