Revaluation

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November 3, 2015 at 6:55 pm #280380
muhammadsalik
Member
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Hi
Asset is revalued at year end so revaluation surplus will take after deducting depreciation on respective asset or without it
what should we do of accummulated depreciation? (occuring from previous year)
E.g
asset WDV 80000
acc dep 15200
rate 10%
revalued amount 70000
November 3, 2015 at 9:47 pm #280393
MikeLittle
Keymaster
- Topics: 27
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When was depreciation last charged on the asset (what date) and what date was the revaluation?

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