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June 201 Prodigal – Gain on revaluation of land

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › June 201 Prodigal – Gain on revaluation of land

  • This topic has 1 reply, 2 voices, and was last updated 12 years ago by MikeLittle.
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  • November 14, 2012 at 2:49 pm #55316
    annz2020
    Member
    • Topics: 17
    • Replies: 14
    • ☆

    I do not understand why the Gain on revaluation of land $1m for Sentinel no need to apportion for 6 months? Answer given: [2,500 + 1,000] in Other Comprehensive income. Thank you

    November 14, 2012 at 6:24 pm #107451
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    Because the gain was only on acquisition so no apportionment

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