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Revaluation Decrease

This topic has 1 reply, 2 voices, and was last updated 6 years ago by P2-D2.

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October 17, 2018 at 9:16 pm #478990
hodge
Member
- Topics: 6
- Replies: 15
Hi Chris,
One quick question – the journal for example 2 which was
Dr PPE Accum depr 4,250
Cr OCI 3,850
Cr SPL 400
I saw in the Financial statements we put in the last two figures but didn’t we need to put the 4,250 in the balance sheet under PPE for the Answer?
October 19, 2018 at 4:27 pm #479219
P2-D2
Keymaster
- Topics: 4
- Replies: 7079
Hi,
The 4,250 has already been put in PPE as we record it directly at the 8,000 after the impairment.
Hope that clears it up,
Thanks
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