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Revaluation Decrease

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Revaluation Decrease

Viewing 2 posts - 1 through 2 (of 2 total)
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  • October 17, 2018 at 9:16 pm #478990
    Avatarhodge
    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
    AvatarP2-D2
    Keymaster
    • Topics: 4
    • Replies: 7232
    • ☆☆☆☆☆

    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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