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Sir i have a few doubts.
1) Should the excess depreciation under Rev. model always be transferred from Rev. Surplus to retained earning in Statement of changes in equity or is it voluntary?2) Secondly anything that is there is Rev surplus or Reserves at year end i.e Gain on revaluation in OCI and maybe Impairment should it also be transferred from Rev. Surplus to retained earning in Statement of changes in equity or is it voluntary?
Issue 1 and 2
Optional UNTIL the asset is disposed of – most companies do it though, because it makes retained earnings look bigger
Okay so once the asset is disposed of then reserve transfer can be done right?
And excess dep transfer is optional.
Right?Sir you did not respond to my previous question on Non current assets- Held for sale.
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