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Revaluation of Fix Asset

Forums › ACCA Forums › ACCA FA Financial Accounting Forums › Revaluation of Fix Asset

  • This topic has 2 replies, 3 voices, and was last updated 11 years ago by AvatarJohn Moffat.
Viewing 3 posts - 1 through 3 (of 3 total)
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  • April 3, 2015 at 5:20 pm #240052
    AvatarCihan
    Member
    • Topics: 4
    • Replies: 0
    • ☆

    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?

    April 4, 2015 at 12:21 am #240063
    Avatarmrjonbain
    Moderator
    • Topics: 6
    • Replies: 2601
    • ☆☆☆☆☆

    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.

    April 4, 2015 at 7:03 am #240088
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54836
    • ☆☆☆☆☆

    mrjohnbain is correct, but he is also right in saying that this is not relevant for F3. You cannot be asked about deferred tax.

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