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Revaluation

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Revaluation

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by MikeLittle.
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  • Author
    Posts
  • November 3, 2015 at 6:55 pm #280380
    muhammadsalik
    Member
    • Topics: 1
    • Replies: 2
    • ☆

    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: 26
    • Replies: 22698
    • ☆☆☆☆☆

    When was depreciation last charged on the asset (what date) and what date was the revaluation?

    Put your question on Ask the Tutor and I’ll answer it

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