Practice Question Klopp ( SOCIE )

Dear Chris, I hope you are doing well. I wanted to focus your attention to error in question of SOCIE in which you guide us how to go through the software and use it. It was really effective and helpful video.

The error is made in revaluation reserve figure , Please look at 22:00 in the video and the revaluation reserve amount should be = Revalued value – Carring value at the date of revaluation

But you took the Historical Value of Land and building which is 1 july 20×7 insted of Carring value at 1 july 20×7.

This is how i done it and please correct and forgive me if i misunderstood and annoyed you for my misinterpretation.

(‘000) Narrative HC revaluation Reserve

L&B (1.7.20×2) 5,500

Accu. Dep. (1.7.20×7) (500)

C.V 5,000 -> 6000 1000

Dep ( 31.7.20×8) (120)

CV ( 31.7.20×8) 8,880

Thank you for your friendly lectures and unmeasurably helpful exam tips and references to exams for every topic explained. I had been running late behind the syllabus and i had planned a schedule and finish it 3 weeks before exam and leave 3 weeks for Exam kit. Always open for your advice.