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Forums › ACCA Forums › ACCA FR Financial Reporting Forums › land revaluation
Dec 2010 Q1 Premier, when we prepare CSoFP, PPE a.c., why not adding 500 of point i-On 30 Sept 2010,the value of S’ property was unchanged from its value at acq.,but the land element of P’s property had increased in value by 500 as shown in other comprehensive income.
“as shown in other comprehensive income”…..it is already accounted. If we add again, it will be double counting.
