OCI Revaluation

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December 5, 2013 at 2:25 pm #150658
elsie2009
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I am doing Key from Dec 2009, there is a revaluation which we take to OCI as per the standard, why then is the depreciation relating to the revaluation not deducted from the OCI over the UEL?
December 5, 2013 at 9:05 pm #150873
MikeLittle
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It is seen as good practice to release part of the revaluation reserve annually to retained earnings through statement of changes in equity representing the excess depreciation caused by the revaluation surplus. Good practice, but not a requirement
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