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Forums › ACCA Forums › ACCA FA Financial Accounting Forums › Revaluation of Fix Asset
A company has decided to revaluate its fix assets and the valuation difference will be booked under the equity.
How can we asses the deferred tax effect of this transaction?
The likely increase in timing difference must be recognised as liability.Can this really be asked in f3 paper?Basically calculation is handled same as any other deferred tax calculation.
mrjohnbain is correct, but he is also right in saying that this is not relevant for F3. You cannot be asked about deferred tax.