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Revaluation Increase

KKennedy2y ago
Many thanks for the impart you are making. My question is, is the reserve transfer (excess depreciation) going to be calculated every year for the remaining life of the asset, or is it done only in the year of revaluation? Thank you.
P2-D2P2-D2Tutor2y ago#1
Hi, Thanks for the kind comments and great to hear that the work we do is helping. The annual reserve transfer for the excess depreciation is going to be done every year until we either sell the asset or its carrying value gets to zero. Thanks
KKennedy2y ago#2
I am gradually being loaded indeed. Many thanks, Sir.
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