Revaluation Decrease

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October 17, 2018 at 9:16 pm #478990
hodge
Member
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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
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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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